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Tax Exemption for Post-Graduation Scholarships: Student Loan Repayment Support

This act aims to exclude post-graduation scholarships used for student loan repayment from taxable income. This means individuals receiving such scholarships and living/working in specific communities will have more disposable income, as they won't pay taxes on these funds. The goal is to encourage skilled individuals to settle in areas needing their expertise.
Key points
Money from scholarships used to repay student loans will not be counted as taxable income.
These scholarships must be granted by non-profit organizations and require the recipient to live and work in areas with lower bachelor's degree attainment rates.
The act aims to promote economic growth and encourage settlement in communities needing skilled workers.
Ensures no double tax benefit if student loan interest is already excluded from income due to the scholarship.
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Expired
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Additional Information
Print number: 118_HR_3582
Sponsor: Rep. LaHood, Darin [R-IL-16]
Process start date: 2023-05-22
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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

Workforce Development Through Post-Graduation Scholarships Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_3582.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-05-22.

What are the main provisions?

Key points include:

  • Money from scholarships used to repay student loans will not be counted as taxable income.
  • These scholarships must be granted by non-profit organizations and require the recipient to live and work in areas with lower bachelor's degree attainment rates.
  • The act aims to promote economic growth and encourage settlement in communities needing skilled workers.
  • Ensures no double tax benefit if student loan interest is already excluded from income due to the scholarship.
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 Rep. LaHood, Darin [R-IL-16].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Taxes Education Labor