US HB5359 | 2019-2020 | 116th Congress

Status

Spectrum: Slight Partisan Bill (Democrat 4-2)
Status: Introduced on December 6 2019 - 25% progression, died in committee
Action: 2019-12-06 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Amends the Internal Revenue Code, with respect to the tax treatment of student loan payments, to (1) expand the tax exclusion for employer-provided educational assistance programs to include an employer's payment of any qualified education loan incurred by an employee, (2) increase the maximum amount that may be excluded from the gross income of an employee under employer-provided educational assistance programs, and (3) increase the maximum tax deduction and the income limitation for interest on education loans.

Tracking Information

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Title

DEBT Act of 2019 Decreasing Employees Burdensome Taxes from Student Loans Act of 2019

Sponsors


History

DateChamberAction
2019-12-06HouseReferred to the House Committee on Ways and Means.
2019-12-06HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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