HOUSE 6401118th CongressReferred to the House Committee on Ways and Means.
Upskilling and Retraining Assistance Act
- Last Action
- 11/14/2023
Actions
- 2023-11-14Referred to the House Committee on Ways and Means.
- 2023-11-14Introduced in House
- 2023-11-14Introduced in House
CRS Summary
As of 2023-11-14 (00)
Upskilling and Retraining Assistance Act
This bill increaes to $12,000 in 2024-2025, the exclusion from employee gross income, for income tax purposes, of employer-paid educational assistance programs.
The bill also expands the exclusion to include amounts paid for education-related tools and technology (e.g., hand tools, computers, software, licensure fees).
Cosponsors (1)
- Randy Feenstra (R-IA)
Sourced from Congress.gov (public domain).
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