Segal AmeriCorps Educational Award Tax Relief Act of 2026

119 HR 7878 IH: Segal AmeriCorps Educational Award Tax Relief Act of 2026 U.S. House of Representatives 2026-03-09 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. I 119th CONGRESS 2d Session H. R. 7878 IN THE HOUSE OF REPRESENTATIVES March 9, 2026 Mr. Larson of Connecticut (for himself and Mr. Bacon ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for AmeriCorps educational awards. 1. Short title This Act may be cited as the Segal AmeriCorps Educational Award Tax Relief Act of 2026 . 2. Exclusion from gross income of AmeriCorps educational awards (a) In general Section 117(c)(2) of the Internal Revenue Code of 1986 is amended by striking or at the end of subparagraph (B), by striking the period at the end of subparagraph (C) and inserting , or , and by adding at the end the following new subparagraph: (D) a national service educational award under subtitle D of title I of the National and Community Service Act of 1990. . (b) Discharge of student loan debt Section 108(f) of such Code is amended by adding at the end the following new paragraph: (6) Payments under national service educational awards In the case of an individual, gross income shall not include any amount received under a national service educational award under subtitle D of title I of the National and Community Service Act of 1990. . (c) Effective dates (1) In general The amendments made by subsection (a) shall apply to amounts received in taxable years ending after the date of the enactment of this Act. (2) Discharge of student loan debt The amendment made by subsection (b) shall apply to discharges of indebtedness in taxable years ending after the date of the enactment of this Act.