SENATE 3296118th CongressRead twice and referred to the Committee on Finance.
Upskilling and Retraining Assistance Act
- Last Action
- 11/14/2023
Actions
- 2023-11-14Read twice and referred to the Committee on Finance.
- 2023-11-14Introduced in Senate
CRS Summary
As of 2023-11-14 (00)
Upskilling and Retraining Assistance Act
This bill increases 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 (3)
- Todd Young (R-IN)
- Catherine Cortez Masto (D-NV)
- Tim Scott (R-SC)
Sourced from Congress.gov (public domain).
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