Ask AI
H.R. 655

Student Loan Repayment Assistance Act of 2019

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.

Referred to the Subcommittee on Worker and Family Support.

Rep. Brownley, Julia [D-CA-26](D-CA)Sponsor
14 cosponsors14 D
14cosponsors1committees5actions4subjects
  1. Committee

    Referred to the Subcommittee on Worker and Family Support.

    Work and Welfare Subcommittee
  2. IntroReferralB00100

    Sponsor introductory remarks on measure. (CR H1234)

  3. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  4. IntroReferralIntro-H

    Introduced in House

  5. IntroReferral1000

    Introduced in House

Student Loan Repayment Assistance Act of 2019 — Informed