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DEBT Act of 2019

USA116th CongressHR-5359| House 
| Updated: 12/6/2019
Steve Stivers

Steve Stivers

Republican Representative

Ohio

Cosponsors (5)
John Katko (Republican)Abigail Davis Spanberger (Democratic)Kathleen M. Rice (Democratic)Kendra S. Horn (Democratic)Josh Gottheimer (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Decreasing Employees Burdensome Taxes from Student Loans Act of 2019 or the DEBT Act of 2019 This bill amends the Internal Revenue Code, with respect to the tax treatment of student loan payments, to (1) expand the tax exclusion for employer-provided educational assistance programs to include an employer's payment of any qualified education loan incurred by an employee, (2) increase the maximum amount that may be excluded from the gross income of an employee under employer-provided educational assistance programs, and (3) increase the maximum tax deduction and the income limitation for interest on education loans.
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Timeline
Dec 6, 2019
Introduced in House
Dec 6, 2019
Referred to the House Committee on Ways and Means.
  • December 6, 2019
    Introduced in House


  • December 6, 2019
    Referred to the House Committee on Ways and Means.

Taxation

Employee benefits and pensionsHigher educationIncome tax deductionsIncome tax exclusionInterest, dividends, interest ratesStudent aid and college costs

DEBT Act of 2019

USA116th CongressHR-5359| House 
| Updated: 12/6/2019
Decreasing Employees Burdensome Taxes from Student Loans Act of 2019 or the DEBT Act of 2019 This bill amends the Internal Revenue Code, with respect to the tax treatment of student loan payments, to (1) expand the tax exclusion for employer-provided educational assistance programs to include an employer's payment of any qualified education loan incurred by an employee, (2) increase the maximum amount that may be excluded from the gross income of an employee under employer-provided educational assistance programs, and (3) increase the maximum tax deduction and the income limitation for interest on education loans.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Dec 6, 2019
Introduced in House
Dec 6, 2019
Referred to the House Committee on Ways and Means.
  • December 6, 2019
    Introduced in House


  • December 6, 2019
    Referred to the House Committee on Ways and Means.
Steve Stivers

Steve Stivers

Republican Representative

Ohio

Cosponsors (5)
John Katko (Republican)Abigail Davis Spanberger (Democratic)Kathleen M. Rice (Democratic)Kendra S. Horn (Democratic)Josh Gottheimer (Democratic)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Employee benefits and pensionsHigher educationIncome tax deductionsIncome tax exclusionInterest, dividends, interest ratesStudent aid and college costs