Politiparty
Politiparty

118th Congress Taxation

S. 3296: Upskilling and Retraining Assistance Act

Introduced

  1. Introduced (completed)Nov 14, 2023
  2. Passed Senate (not reached)
  3. Passed House (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in Senate, Nov 14, 2023

This bill increases to $12,000 in 2024-2025, the exclusion from employee gross income, for income tax purposes, of employer-paid educational assistance programs.

The bill also expands the exclusion to include amounts paid for education-related tools and technology (e.g., hand tools, computers, software, licensure fees).

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

3

Bipartisan support.

Who scored on this bill

6 points earned
  1. 1Margaret Hassan D-NH SponsorDrew cross-party cosponsors, introduced2 events+6
See all scorers and every scoring event

Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by Margaret Hassan

History

  1. Nov 14, 2023Introduced in the Senate by Margaret Hassan.
Show the full action history (2 actions)
  1. Nov 14, 2023Introduced in Senate
  2. Nov 14, 2023Read twice and referred to the Committee on Finance.