H.R. 655 · 116th Congress
Student Loan Repayment Assistance 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.
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BrownleySponsor14 cosponsors · 14 D
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Davids
AK
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Kuster
JM
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McNerney
KB
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Bass
SC
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Cohen
SJ
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Jackson Lee
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Vargas
EN
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Norton
HR
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Rouda
AC
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Carson
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Foster
AH
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Hastings
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Luria
BT
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Thompson0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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.
What it does: CRS summary · Introduced in House · Jan 17, 2019
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Student Loan Repayment Assistance Act of 2019
Latest action (Mar 1, 2019): Referred to the Subcommittee on Worker and Family Support.
Policy area: Taxation · Origin: House · Introduced: Jan 17, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.