Bill116th CongressFiled Aug 4, 2020Taxation
S. 4408
Upskilling and Retraining Assistance Act
Bill journey · stage 2 of 5
Under committee review
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CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Aug 4, 2020)
Upskilling and Retraining Assistance Act
This bill increases to $12,000 in 2020-2021, the exclusion from employee gross income, for income tax purposes, of employer-paid educational assistance programs.
The bill also expands the definition of educational equipment provided to an employee to include education-related tools and technology and other equipment (e.g., hand tools, computers, software, licensure fees).
What just happenedAug 4, 2020
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Hassan, Margaret Wood [D-NH](D-NH)Sponsor
2 cosponsors1 D1 R
2cosponsors1committees2actions
- Introduced in SenateAug 4, 2020
- Aug 4, 2020IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Aug 4, 2020IntroReferral10000
Introduced in Senate