HOUSE 655116th CongressReferred to the Subcommittee on Worker and Family Support.
Student Loan Repayment Assistance Act of 2019
- Last Action
- 3/1/2019
Actions
- 2019-03-01Referred to the Subcommittee on Worker and Family Support.
- 2019-01-28Sponsor introductory remarks on measure. (CR H1234)
- 2019-01-17Referred to the House Committee on Ways and Means.
- 2019-01-17Introduced in House
- 2019-01-17Introduced in House
CRS Summary
As of 2019-01-17 (00)
Student Loan Repayment Assistance Act of 2019
This bill allows a business-related tax credit for an employer's payments for employees under a student loan repayment program. The credit is equal to 10% of the amounts that an employer pays on behalf of any employee under a program and is refundable for certain small businesses and tax-exempt organizations. The payments for an employee may not exceed $500 per month.
Cosponsors (14)
- Sharice Davids (D-KS)
- Jerry McNerney (D-CA)
- Ann Kuster (D-NH)
- Karen Bass (D-CA)
- Steve Cohen (D-TN)
- SHEILA JACKSON LEE (D-TX)
- Juan Vargas (D-CA)
- ELEANOR NORTON (D-DC)
- Harley Rouda (D-CA)
- André Carson (D-IN)
- Bill Foster (D-IL)
- ALCEE HASTINGS (D-FL)
- Elaine Luria (D-VA)
- BENNIE THOMPSON (D-MS)
Subjects
- Employee benefits and pensions
- Income tax credits
- Small business
- Student aid and college costs
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.