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Making AmeriCorps Education Awards Tax-Free for National Service Participants.

This bill exempts the Segal AmeriCorps Education Award, granted for national service, from federal income tax. This change means individuals using these funds for education or student loan repayment will no longer face tax liability on the award amount. This provides a direct financial benefit to AmeriCorps participants, increasing the effective value of their compensation.
Key points
Segal AmeriCorps Education Awards (received for national service) will no longer be counted as taxable gross income.
Individuals using AmeriCorps awards to pay off student debt will not be taxed on the discharged amount, providing significant financial relief.
The amendments apply to taxable years ending after the date the Act is signed into law.
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Additional Information
Print number: 118_S_3487
Sponsor: Sen. Bennet, Michael F. [D-CO]
Process start date: 2023-12-13
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Segal AmeriCorps Education Award Tax Relief Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_3487.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-12-13.

What are the main provisions?

Key points include:

  • Segal AmeriCorps Education Awards (received for national service) will no longer be counted as taxable gross income.
  • Individuals using AmeriCorps awards to pay off student debt will not be taxed on the discharged amount, providing significant financial relief.
  • The amendments apply to taxable years ending after the date the Act is signed into law.
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 2025-12-26.

CATEGORIES

Taxes Education Benefits