Upskilling and Retraining Assistance Act

Upskilling and Retraining Assistance Act This bill increases to $12,000 in 2020-2021, the exclusion from employee gross income, for income tax purposes, of employer-paid educational assistance programs. The bill also expands the definition of educational equipment provided to an employee to include education-related tools and technology and other equipment (e.g., hand tools, computers, software, licensure fees).