Nonpartisan civic infrastructure
AllCiv·Legis1
·

S. 3296

BillFederalSenateIn Committee
To amend the Internal Revenue Code of 1986 to expand and modify employer educational assistance programs, and for other purposes.
About This Bill
Committee
Latest Action · November 14, 2023
Read twice and referred to the Committee on Finance.
Congress
118th (2023–2025)
Introduced
November 14, 2023
Cosponsors (3)
1D 2R
View PDF ↗

Summary

Highlight any text to annotate
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).

Take Action

Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.