A bill to amend the Internal Revenue Code of 1986 to exclude employer contributions to student loan repayment from income, and for other purposes.

United States115th CongressS-3595Senate
Updated: Oct 11, 2018

Summary

Student Loan Repayment Acceleration Act This bill 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.

Bill texts

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Introduced (Senate)View official text

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Timeline

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Finance.

    Senate

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