HR 6401
118th Congress
House
Taxation
Upskilling and Retraining Assistance Act
Introduced: November 14, 2023
Introduced by:
Davis, Danny K.
Democratic
· Illinois
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 14, 2023
Referred to the House Committee on Ways and Means.
Nov 14, 2023
Introduced in House
Plain-English summary
Upskilling and Retraining Assistance Act
This bill increaes to $12,000 in 2024-2025, the exclusion from employee gross income, for income tax purposes, of employer-paid educational assistance programs.
The bill also expands the exclusion to include amounts paid for education-related tools and technology (e.g., hand tools, computers, software, licensure fees).
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1