US SB4408 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on August 4 2020 - 25% progression, died in committee
Action: 2020-08-04 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on August 4 2020 - 25% progression, died in committee
Action: 2020-08-04 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Increases to $12,000 in 2020-2021, the exclusion from employee gross income, for income tax purposes, of employer-paid educational assistance programs. The bill also expands the definition of educational equipment provided to an employee to include education-related tools and technology and other equipment (e.g., hand tools, computers, software, licensure fees).
Title
Upskilling and Retraining Assistance Act
Sponsors
Sen. Margaret Hassan [D-NH] | Sen. Todd Young [R-IN] | Sen. Catherine Cortez Masto [D-NV] |
History
Date | Chamber | Action |
---|---|---|
2020-08-04 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/4408/all-info |
Text | https://www.congress.gov/116/bills/s4408/BILLS-116s4408is.pdf |