US SB2457 | 2015-2016 | 114th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on January 20 2016 - 25% progression, died in committee
Action: 2016-01-20 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 20 2016 - 25% progression, died in committee
Action: 2016-01-20 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Employer Participation in Repayment Act of 2016 This bill amends the Internal Revenue Code to extend the tax exclusion for employer-provided educational assistance to include payments of qualified education loans paid to either an employee or a lender.
Title
Employer Participation in Repayment Act of 2016
Sponsors
| Sen. Mark Warner [D-VA] | Sen. John Thune [R-SD] | Sen. Shelley Capito [R-WV] | Sen. Kelly Ayotte [R-NH] |
| Sen. Jon Tester [D-MT] | Sen. Angus King [I-ME] |
History
| Date | Chamber | Action |
|---|---|---|
| 2016-01-20 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB3861 (Related) 2015-10-29 - Referred to the House Committee on Ways and Means.
HB5415 (Related) 2016-06-09 - Referred to the House Committee on Ways and Means.
HB5415 (Related) 2016-06-09 - Referred to the House Committee on Ways and Means.
Subjects
Employee benefits and pensions
Income tax exclusion
Interest, dividends, interest rates
Student aid and college costs
Taxation
Income tax exclusion
Interest, dividends, interest rates
Student aid and college costs
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/114th-congress/senate-bill/2457/all-info |
| Text | https://www.congress.gov/114/bills/s2457/BILLS-114s2457is.pdf |
