Tax-Free Pell Grant Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 1610 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 1610 To amend the Internal Revenue Code of 1986 to expand the exclusion of Pell Grants from gross income. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES May 6, 2025 Mr. Whitehouse (for himself, Mr. Grassley, Mr. Tillis, and Mr. Wyden) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to expand the exclusion of Pell Grants from gross income. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Tax-Free Pell Grant Act''. SEC. 2. EXPANSION OF PELL GRANT EXCLUSION FROM GROSS INCOME. (a) In General.--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 by an individual-- ``(A) as a scholarship or f…