US SB1667 | 2019-2020 | 116th Congress
Status
Spectrum:
Status: Introduced on May 23 2019 - 25% progression, died in committee
Action: 2019-05-23 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 23 2019 - 25% progression, died in committee
Action: 2019-05-23 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Treats certain scholarship or fellowship grants received by children as earned income of the child for the purposes of the kiddie tax (the tax on the unearned income of children). This has the effect of exempting the grants from such tax. The bill applies to taxable years beginning after December 31, 2017.
Title
Tax Relief for Student Success Act
Sponsors
Sen. Tim Scott [R-SC] | Sen. Margaret Hassan [D-NH] | Sen. Bill Cassidy [R-LA] | Sen. Kevin Cramer [R-ND] |
Sen. Pat Roberts [R-KS] | Sen. Steve Daines [R-MT] | Sen. Joni Ernst [R-IA] | Sen. Susan Collins [R-ME] |
Sen. Angus King [I-ME] | Sen. Kyrsten Sinema [I-AZ] | Sen. Doug Jones [D-AL] | Sen. Ron Wyden [D-OR] |
Sen. Robert Menendez [D-NJ] | Sen. Catherine Cortez Masto [D-NV] | Sen. Amy Klobuchar [D-MN] | Sen. Richard Blumenthal [D-CT] |
Sen. Johnny Isakson [R-GA] | Sen. Patty Murray [D-WA] | Sen. Jeff Merkley [D-OR] |
History
Date | Chamber | Action |
---|---|---|
2019-05-23 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB2806 (Related) 2019-05-16 - Referred to the House Committee on Ways and Means.
Subjects
Higher education
Income tax rates
Social work, volunteer service, charitable organizations
Student aid and college costs
Tax treatment of families
Taxation
Wages and earnings
Income tax rates
Social work, volunteer service, charitable organizations
Student aid and college costs
Tax treatment of families
Taxation
Wages and earnings
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/1667/all-info |
Text | https://www.congress.gov/116/bills/s1667/BILLS-116s1667is.pdf |