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S. 1667

Tax Relief for Student Success Act

Tax Relief for Student Success Act

This bill 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.

Read twice and referred to the Committee on Finance.

Sen. Scott, Tim [R-SC](R-SC)Sponsor
18 cosponsors10 D7 R1 I
18cosponsors1committees2actions1related bills6subjects
  1. IntroReferral

    Read twice and referred to the Committee on Finance.

    Finance Committee
  2. IntroReferral10000

    Introduced in Senate

Tax Relief for Student Success Act — Informed