DEBT Act of 2019
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Dec 6, 2019)
Decreasing Employees Burdensome Taxes from Student Loans Act of 2019 or the DEBT Act of 2019
This bill amends the Internal Revenue Code, with respect to the tax treatment of student loan payments, to (1) expand the tax exclusion for employer-provided educational assistance programs to include an employer's payment of any qualified education loan incurred by an employee, (2) increase the maximum amount that may be excluded from the gross income of an employee under employer-provided educational assistance programs, and (3) increase the maximum tax deduction and the income limitation for interest on education loans.
What just happenedDec 6, 2019
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseDec 6, 2019
- Dec 6, 2019IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Dec 6, 2019IntroReferralIntro-H
Introduced in House
- Dec 6, 2019IntroReferral1000
Introduced in House