US Congress House Bill 5129 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 4-2)
Status: Introduced on April 27 2012 - 25% progression, died in committee
Action: 2012-04-27 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Student Loan Employment Benefits Act of 2012 - Amends the Internal Revenue Code to exclude from the gross income of an employee amounts paid by an employer under a student loan payment assistance program. Limits the amount of such exclusion to $5,000 in a taxable year. Requires an employer student loan payment assistance program to be a separate written plan of an employer to provide employees with student loan payment assistance. Defines "student loan payment assistance" as the payment of principal or interest on any indebtedness incurred by an employee solely to pay qualified higher education expenses which are paid or incurred within a reasonable time before or after such indebtedness was incurred and are attributable to education furnished during a period in which such employee was a student eligible for federal financial assistance.

Student Loan Employment Benefits Act of 2012

Rep. Steve Israel [D-NY]	Rep. David Cicilline [D-RI]	Rep. Richard Hanna [R-NY]	Rep. Peter King [R-NY]
Rep. Eleanor Norton [D-DC]	Rep. Laura Richardson [D-CA]

Date	Chamber	Action
2012-04-27	House	Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/5129/all-info
Text	https://www.congress.gov/112/bills/hr5129/BILLS-112hr5129ih.pdf