S 5069
Upward Mobility Enhancement Act
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- Passed Senate
- Passed House
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- Became Law
Bill overview
The Upward Mobility Enhancement Act aims to make employer-provided educational assistance more valuable to workers. It increases the amount of educational assistance that can be tax-free for employees. Specifically, the bill raises the maximum exclusion amount to account for inflation, ensuring it keeps pace with rising costs. This change is designed to encourage investment in employee education and training.
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