SENATE 1802117th CongressRead twice and referred to the Committee on Finance.
Upskilling and Retraining Assistance Act
- Last Action
- 5/25/2021
Actions
- 2021-05-25Read twice and referred to the Committee on Finance.
- 2021-05-25Introduced in Senate
CRS Summary
As of 2021-05-25 (00)
Upskilling and Retraining Assistance Act
This bill increases to $12,000 in 2021-2022, 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 (3)
- Todd Young (R-IN)
- Catherine Cortez Masto (D-NV)
- Tim Scott (R-SC)
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.