Workforce Development Through Post-Graduation Scholarships Act of 2018
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Workforce Development Through Post-Graduation Scholarships Act of 2018 This bill amends the Internal Revenue Code to exclude post-graduation scholarship grants from gross income in the same manner as scholarships are currently excluded. A "post-graduation scholarship grant" is a grant provided by a program that: (1) is established by certain tax-exempt organizations; (2) is designed to encourage individuals to serve in occupations of unmet needs or in areas of unmet needs; and (3) under which, in accordance with the conditions of a grant, the organization repays any portion of an education loan incurred by an individual to pay higher education expenses.
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Filing registrants (1)
2018 · fourth_quarter · Financial Institutions/Investments/Securities
Tax Related issues specific to Qualified Student Loan Bonds. Specific bills include: H.R. 480, the Student Loan Opportunity Act to allow qualified scholarship funding corporation to access tax-exempt financing for alternative education loans and refinancing loans and advocacy directly with the U.S. Treasury to obtain further clarity of prior guidance regarding the use of tax-exempt bond financing to fund education refinancing loans. And, H.R.6486 - Workforce Development Through Post-Graduation Scholarships Act of 2018 that amends the IRC to exclude post-graduation scholarship grants from gross income in the same manner as scholarships are currently excluded.
Client expense: $13,700 · Firm income: Not reported
Referred to the House Committee on Ways and Means.
Introduced in House
Congress.gov source codes: 1000, Intro-H
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Sources: Congress.gov
Government targets: Education, Dept of, HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2018 · third_quarter · Accounting
Preservation of the tax-exempt status of municipal bonds, specifically Qualified Student Loan Bonds. Specific bills include: H.R. 480, the Student Loan Opportunity Act. Student financial assistance issues, specifically those related to student loans, as Congress works to reauthorize the Higher Education Act. Specific bills include: S.2768 - VET OPP Act of 2018, H.R.6352 and S.3205 - Know Before You Owe Private Loan Act of 2018,and H.R. 6486 - Workforce Development Through Post-Graduation Scholarships Act of 2018.
Client expense: $14,820 · Firm income: Not reported
Government targets: Consumer Financial Protection Bureau (CFPB), Education, Dept of, HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of