Section 1 Short title
This Act may be cited as the “Segal AmeriCorps Education Award Tax Relief Act of 2013”.
Segal AmeriCorps Education Award Tax Relief Act of 2013
A BILL
To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for AmeriCorps educational awards.
Sec. 2 Exclusion from gross income of AmeriCorps educational awards
In general— Section 117 of the Internal Revenue Code of 1986 (relating to qualified scholarships) is amended by adding at the end the following new subsection:
“(e) AmeriCorps educational awards—Gross income shall not include any national service educational award described in subtitle D of title I of the National and Community Service Act of 1990 (42 U.S.C. 12601 et seq.).”
Effective date— The amendment made by this section shall apply to taxable years ending after the date of the enactment of this Act.