S 460
Employer Participation in Repayment Act of 2019
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- Passed Senate
- Passed House
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- Became Law
Bill overview
This bill, the Employer Participation in Repayment Act of 2019, changes the tax rules regarding employer-provided education assistance. It expands the existing tax exclusion to include payments made by employers to employees or lenders for qualified student loans. This means that if an employer pays off or contributes to an employee’s student loan, the employee may not have to pay taxes on that amount. The bill also addresses potential double taxation by clarifying the rules around employer payments and existing exclusions.
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Primary sponsor
Cosponsors
Angus S., Jr. King
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