US SB2347 | 2019-2020 | 116th Congress
Status
Sponsorship: Partisan Bill (Republican 1)
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 |
