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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

Introduced: January 21, 2016 Introduced by: Blumenthal, Richard Democratic · Connecticut See on congress.gov
This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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 Congressional Research Service

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 January 21, 2016

Read twice and referred to the Committee on Finance.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 2462: Make Student Grants Truly Tax-Free Act. 114th Congress. Open America. https://openamerica.io/bill/114-S-2462/
MLA
"S. 2462: Make Student Grants Truly Tax-Free Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-2462/.
Bluebook (legal)
S. 2462, 114th Cong. (2026), https://openamerica.io/bill/114-S-2462/.
Markdown link
[S. 2462: Make Student Grants Truly Tax-Free Act](https://openamerica.io/bill/114-S-2462/)
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