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Tax Relief for AmeriCorps Education Awards: No Income Tax

This act exempts AmeriCorps education awards from federal income tax. This means individuals who served in AmeriCorps and received educational support will not have to pay income tax on these awards, increasing their real value.
Key points
AmeriCorps education awards will no longer be included in taxable income.
The change also applies to student loan debt discharged through AmeriCorps awards, meaning no tax on that amount.
The provisions are effective for taxable years ending after the act's enactment date.
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Additional Information
Print number: 117_S_2075
Sponsor: Sen. Bennet, Michael F. [D-CO]
Process start date: 2021-06-16
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Segal AmeriCorps Education Award Tax Relief Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2075.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-06-16.

What are the main provisions?

Key points include:

  • AmeriCorps education awards will no longer be included in taxable income.
  • The change also applies to student loan debt discharged through AmeriCorps awards, meaning no tax on that amount.
  • The provisions are effective for taxable years ending after the act's enactment date.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Bennet, Michael F. [D-CO].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Taxes Education Benefits