To amend the Internal Revenue Code of 1986 to expand the exclusion of Pell Grants from gross income, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill creates short title This Act may be cited as the Tax-Free Pell Grant Act, creates expansion of Pell Grant exclusion from gross income Paragraph section 117(b)(1) of the Internal Revenue Code of 1986 is amended by striking received by an individual and all that follows and inserting received, and requires expansion of American Opportunity and Lifetime Learning Credits Section 25A of the Internal Revenue Code of 1986 is amended— in subsection (f)(1)— in subparagraph (A), by striking tuition and fees inserting. It relies on grants, tax rate changes, definition changes, and compliance mandates. The main policy areas are Regulated Industries and Education.
Who Benefits and How
Public beneficiaries or protected communities affected by the clause could face reduced risk, Regulated entities and members of the public affected by the bill could gain revenue opportunities, and Educational institutions and students affected by the bill could gain revenue opportunities.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties and Educational institutions and students affected by the bill would take on compliance duties.
Key Provisions
- Creates short title This Act may be cited as the Tax-Free Pell Grant Act.
- Creates expansion of Pell Grant exclusion from gross income Paragraph section 117(b)(1) of the Internal Revenue Code of 1986 is amended by striking received by an individual and all that follows and inserting received...
- Requires expansion of American Opportunity and Lifetime Learning Credits Section 25A of the Internal Revenue Code of 1986 is amended— in subsection (f)(1)— in subparagraph (A), by striking tuition and fees inserting...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates short title This Act may be cited as the Tax-Free Pell Grant Act, creates expansion of Pell Grant exclusion from gross income Paragraph section 117(b)(1) of the Internal Revenue Code of 1986 is amended by striking received by an individual and all that follows and inserting received, and requires expansion of American Opportunity and Lifetime Learning Credits Section 25A of the Internal Revenue Code of 1986 is amended— in subsection (f)(1)— in subparagraph (A), by striking tuition and fees inserting.
Key Policy Areas
Regulated Industries, Education
Primary Purpose
The bill creates short title This Act may be cited as the Tax-Free Pell Grant Act, creates expansion of Pell Grant exclusion from gross income Paragraph section 117(b)(1) of the Internal Revenue Code of 1986 is amended by striking received by an individual and all that follows and inserting received, and requires expansion of American Opportunity and Lifetime Learning Credits Section 25A of the Internal Revenue Code of 1986 is amended— in subsection (f)(1)— in subparagraph (A), by striking tuition and fees inserting.
Policy Domains
Whole bill
Identified Gains
- Public beneficiaries or protected communities affected by the clause
- Regulated entities and members of the public affected by the bill
- Educational institutions and students affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Educational institutions and students affected by the bill
Sponsors
Legislative Progress
IntroducedMr. Doggett (for himself, Mr. Kelly of Pennsylvania, Mr. Davis …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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