A bill to amend the Internal Revenue Code of 1986 to exclude employer contributions to student loan repayment from income, and for other purposes.
Student Loan Repayment Acceleration Act
This bill amends the Internal Revenue Code to exclude from the gross income of an employee up to $10,000 per year in student loan payments made by an employer. The loan payments are also exempt from certain payroll taxes.
Introduced in Senate
Read twice and referred to the Committee on Finance.
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