H.R. 902 · 117th Congress
DEBT Act of 2021
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
StiversSponsor1 cosponsor · 1 D
1 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 2021 or the DEBT Act of 2021
What it does: CRS summary · Introduced in House · Feb 5, 2021
Decreasing Employees Burdensome Taxes from Student Loans Act of 2021 or the DEBT Act of 2021
This bill modifies tax provisions relating to the exclusion from employee gross income for employer-provided educational assistance and the student loan interest tax deduction. Specifically, it (1) expands 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) increases the maximum amount that may be excluded from the gross income of an employee under employer-provided educational assistance programs, and (3) increases 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 2021
Also known as: Decreasing Employees Burdensome Taxes from Student Loans Act of 2021
Latest action (Feb 5, 2021): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Feb 5, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.