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AI Summary: The "AmeriCorps Education Award Tax Subtraction" bill aims to exempt AmeriCorps education awards from federal income tax. This bill would allow individuals who receive these education awards through their service in AmeriCorps programs to exclude them from their taxable income, providing financial relief and incentivizing more participation in national service programs. The main provision of the bill is the subtraction of AmeriCorps education awards from taxable income, potentially benefiting many AmeriCorps members and encouraging more individuals to engage in community service.
Latest Action: Introduced In House - Assigned to Finance
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Actions (14):
2024-02-12 : Introduced In House - Assigned to Finance
2024-03-04 : House Committee on Finance Refer Unamended to Appropriations
2024-04-30 : House Committee on Appropriations Refer Unamended to House Committee of the Whole
2024-04-30 : House Second Reading Special Order - Passed with Amendments - Floor
2024-05-01 : House Third Reading Passed - No Amendments
2024-05-01 : Introduced In Senate - Assigned to Finance
2024-05-03 : Senate Committee on Finance Refer Unamended to Appropriations
2024-05-04 : Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole
2024-05-04 : Senate Second Reading Special Order - Passed - No Amendments
2024-05-06 : Senate Third Reading Passed - No Amendments
2024-05-29 : Signed by the Speaker of the House
2024-05-29 : Signed by the President of the Senate
2024-05-29 : Sent to the Governor
2024-06-03 : Governor Signed
Democrat Republican
74%
26%
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