US SB2347 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on July 31 2019 - 25% progression, died in committee
Action: 2019-07-31 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 31 2019 - 25% progression, died in committee
Action: 2019-07-31 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to exclude from the gross income of an employee up to $10,000 per year in student loan payments made by an employer. The loan payments are also exempt from certain payroll taxes
Title
Student Loan Repayment Acceleration Act
Sponsors
Sen. Cory Gardner [R-CO] |
History
Date | Chamber | Action |
---|---|---|
2019-07-31 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
Employee benefits and pensions
Employment taxes
Higher education
Income tax exclusion
Self-employed
Student aid and college costs
Taxation
Employment taxes
Higher education
Income tax exclusion
Self-employed
Student aid and college costs
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/2347/all-info |
Text | https://www.congress.gov/116/bills/s2347/BILLS-116s2347is.pdf |