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HR 5415 114th Congress House Taxation Employee benefits and pensions Income tax exclusion Interest, dividends, interest rates Student aid and college costs

HELPS Act

Introduced: September 7, 2016 Introduced by: Stefanik, Elise M. Republican · New York See on congress.gov
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 9, 2016
Referred to the House Committee on Ways and Means.
Jun 9, 2016
Introduced in House
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 Plain-English summary Congressional Research Service

Helping Employers Lessen Payments for Students Act of 2016 or the HELPS Act

This bill amends the Internal Revenue Code to exclude from gross income of an employee up to $10,000 per year in education loan payments made by an employer on behalf of the employee.

What's happening now June 9, 2016

Referred to the House Committee on Ways and Means.

 Related & companion bills 2
  • HR 3861 Related bill Employer Participation in Student Loan Assistance Act
  • S 2457 Related bill Employer Participation in Repayment Act of 2016
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5415: HELPS Act. 114th Congress. Open America. https://openamerica.io/bill/114-HR-5415/
MLA
"H.R. 5415: HELPS Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-5415/.
Bluebook (legal)
H.R. 5415, 114th Cong. (2026), https://openamerica.io/bill/114-HR-5415/.
Markdown link
[H.R. 5415: HELPS Act](https://openamerica.io/bill/114-HR-5415/)
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