A bill to amend the Internal Revenue Code of 1986 to exclude employer contributions to student loan repayment from income, and for other purposes.
USA115th CongressS-3595| Senate
| Updated: 10/11/2018
Cory Gardner
Republican Senator
Colorado
Finance Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Taxation
Employee benefits and pensionsEmployment taxesHigher educationIncome tax exclusionSelf-employedStudent aid and college costs
A bill to amend the Internal Revenue Code of 1986 to exclude employer contributions to student loan repayment from income, and for other purposes.
USA115th CongressS-3595| Senate
| Updated: 10/11/2018
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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Cory Gardner
Republican Senator
Colorado
Finance Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Employee benefits and pensionsEmployment taxesHigher educationIncome tax exclusionSelf-employedStudent aid and college costs