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 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.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Sponsor introductory remarks on measure. (CR H1234)
Referred to the Subcommittee on Worker and Family Support.
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