AmeriCorps Education Award Tax Subtraction

The bill creates an income tax subtraction for the next 3 income tax years 2026 to 2033 for the amount of any Segal AmeriCorps Education Award received by a taxpayer for service in the AmeriCorps national service program, and which is used by the taxpayer during the income tax year.

(Note: Italicized words indicate new material added to the original summary; dashes through words indicate deletions from the original summary.)

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)