To amend the Internal Revenue Code of 1986 to allow a credit for employers providing student loan payment assistance for employees.
Student Loan Repayment Assistance Act of 2017
This bill amends the Internal Revenue Code to allow 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.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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