H.R. 5359 · 116th Congress
DEBT Act of 2019
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
StiversSponsor5 cosponsors · 4 D, 1 R
4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Decreasing Employees Burdensome Taxes from Student Loans Act of 2019 or the DEBT Act of 2019
What it does: CRS summary · Introduced in House · Dec 6, 2019
Decreasing Employees Burdensome Taxes from Student Loans Act of 2019 or the DEBT Act of 2019
This bill amends the Internal Revenue Code, with respect to the tax treatment of student loan payments, to (1) expand the tax exclusion for employer-provided educational assistance programs to include an employer's payment of any qualified education loan incurred by an employee, (2) increase the maximum amount that may be excluded from the gross income of an employee under employer-provided educational assistance programs, and (3) increase the maximum tax deduction and the income limitation for interest on education loans.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: DEBT Act of 2019
Also known as: Decreasing Employees Burdensome Taxes from Student Loans Act of 2019
Latest action (Dec 6, 2019): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Dec 6, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.