S 2462
114th Congress
Senate
Taxation
Afghanistan
Asia
Elementary and secondary education
Income tax exclusion
Iraq
Middle East
Military operations and strategy
Military personnel and dependents
Student aid and college costs
Teaching, teachers, curricula
Veterans' pensions and compensation
Make Student Grants Truly Tax-Free Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 21, 2016
Read twice and referred to the Committee on Finance.
Jan 21, 2016
Introduced in Senate
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Plain-English summary
Make Student Grants Truly Tax-Free Act
This bill amends the Internal Revenue Code to expand the tax exclusion for scholarships to include amounts received: (1) through a scholarship or fellowship grant program administered by the Secretary of Education that is based on financial need, including a Federal Pell Grant; (2) as an Iraq and Afghanistan Service grant under the Higher Education Act of 1965; or (3) as a TEACH Grant under the Higher Education Act of 1965.
What's happening now
Read twice and referred to the Committee on Finance.
Bill text
1 version
- Introduced in Senate Formatted Text PDF Formatted XML
Committees of jurisdiction
1
Cosponsors
1
Cite this page
U.S. Congress. (2026). S. 2462: Make Student Grants Truly Tax-Free Act. 114th Congress. Open America. https://openamerica.io/bill/114-S-2462/
"S. 2462: Make Student Grants Truly Tax-Free Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-2462/.
S. 2462, 114th Cong. (2026), https://openamerica.io/bill/114-S-2462/.
[S. 2462: Make Student Grants Truly Tax-Free Act](https://openamerica.io/bill/114-S-2462/)