S 3296
118th Congress
Senate
Taxation
Upskilling and Retraining Assistance Act
Introduced: November 14, 2023
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
Nov 14, 2023
Read twice and referred to the Committee on Finance.
Nov 14, 2023
Introduced in Senate
Plain-English summary
Upskilling and Retraining Assistance Act
This bill increases 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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1