Legislation from United States of America House of Representatives

Employer Participation in Repayment Act of 2019

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Summary
Title:

Employer Participation in Repayment Act of 2019

Employer Participation in Repayment Act of 2019
This bill expands the tax exclusion for employer-provided educational assistance to include payments of qualified education loans by an employer to either an employee or a lender.
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Referred to the House Committee on Ways and Means.

Date: February 7, 2019

Content
Code:
116.HR.1043
Subject:
Taxation
Employer Participation in Repayment Act of 2019
Date: February 7, 2019 Official Title: To amend the Internal Revenue Code of 1986 to extend the exclusion for employer-provided educational assistance to employer payments of qualified education loans.Short title This Act may be cited as the "Employer Participation in Repayment Act of 2019".
  • (B) the payment by an employer, whether paid to the employee or to a lender, of principal or interest on any qualified education loan (as defined in section 221(d)(1)) incurred by the employee, and .Denial of double benefit Section 221(e)(1) of such Code is amended by inserting before the period at the end the following: ", or for any amount which is excludable from gross income under section 127(c)(1)(B)".Effective date The amendments made by this section shall apply to payments made by employers after December 31, 2019.