U.S. Congress legislation · 119th Congress
SB5533: Segal AmeriCorps Education Award Tax Relief Act of 2026
Status: In committee, September 24, 2026
A bill to amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for AmeriCorps educational awards.
What the bill says
To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for AmeriCorps educational awards.
From the introduced text, September 24, 2026:
A BILL To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for AmeriCorps educational awards. SECTION 1. Short title This Act may be cited as the Segal AmeriCorps Education Award Tax Relief Act of 2026 . SECTION 2. Exclusion from gross income of AmeriCorps educational awards (a) In general Paragraph (2) of section 117(c) 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) Exclusion of discharge of student loan debt Subsection (f) of section 108 of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: (6) Payments under national service educational award programs 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 ( 42 U.S.C. 12601 et seq. ). . (c) Effective date The amendments made by this section shall apply to taxable …
Sponsors
- Bennet, Michael (D) · primary sponsor
- Cassidy, Bill (R)
- Cortez Masto, Catherine (D)
- Collins, Susan (R)
- Coons, Christopher (D)
- Wicker, Roger (R)
- Kim, Andy (D)
- Capito, Shelley (R)
Latest actions
- : Read twice and referred to the Committee on Finance.
- : Introduced in Senate
Subjects: Taxation
Common questions
- What is SB5533?
- SB5533 is a bill in Congress (119th Congress): Segal AmeriCorps Education Award Tax Relief Act of 2026.
- What does SB5533 do?
- In its own words: To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for AmeriCorps educational awards.
- What is the status of SB5533?
- In committee as of September 24, 2026. Latest action: Read twice and referred to the Committee on Finance. (September 24, 2026).
- Who sponsored SB5533?
- Bennet, Michael (D), with 7 co-sponsors.
- Where is the official record for SB5533?
- On the Congress website: https://www.congress.gov/bill/119th-congress/senate-bill/5533
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.