S 4408
116th Congress
Senate
Taxation
Upskilling and Retraining Assistance Act
Introduced: August 4, 2020
Introduced by:
Hassan, Margaret Wood
Democratic
· New Hampshire
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 4, 2020
Read twice and referred to the Committee on Finance.
Aug 4, 2020
Introduced in Senate
Plain-English summary
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's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1