I 
114TH CONGRESS 
2D SESSION 
H. R. 5191 
To amend the Internal Revenue Code of 1986 to provide incentives for 
employers to establish student loan repayment programs and to make 
contributions to qualified tuition programs on behalf of children of em-
ployees. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 11, 2016 
Mr. DOLD introduced the following bill; which was referred to the Committee 
on Ways and Means 
A BILL 
To amend the Internal Revenue Code of 1986 to provide 
incentives for employers to establish student loan repay-
ment programs and to make contributions to qualified 
tuition programs on behalf of children of employees. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Higher Education 
Loan Payments for Students and Parents Act’’ or the 
‘‘HELP for Students and Parents Act’’. 
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SEC. 2. EXCLUSION FOR EMPLOYER PAYMENT OF QUALI-
FIED 
EDUCATION 
LOANS 
AND 
CERTAIN 
QUALIFIED TUITION PLAN CONTRIBUTIONS. 
(a) IN GENERAL.—Section 127(c)(1) of the Internal 
Revenue Code of 1986 is amended by striking ‘‘and’’ at 
the end of subparagraph (A), by redesignating subpara-
graph (B) as subparagraph (D), and by inserting after 
subparagraph (A) the following new subparagraphs: 
‘‘(B) the payment by an employer of prin-
cipal or interest on any qualified education loan 
(as defined in section 221(d)(1)) incurred by 
the employee, 
‘‘(C) any qualified dependent 529 contribu-
tions (as defined in section 45S(d)) made by 
the employer, and’’. 
(b) EFFECTIVE DATE.—The amendments made by 
this section shall apply to payments made by employers 
after December 31, 2016. 
SEC. 3. EMPLOYER PROVIDED HIGHER EDUCATION ASSIST-
ANCE CREDIT. 
(a) IN GENERAL.—Subpart D of part IV of sub-
chapter A of chapter 1 of the Internal Revenue Code of 
1986 is amended by adding at the end the following new 
section: 
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‘‘SEC. 45S. EMPLOYER-PROVIDED HIGHER EDUCATION AS-
SISTANCE CREDIT. 
‘‘(a) IN GENERAL.—For purposes of section 38, the 
employer-provided higher education assistance credit de-
termined under this section for the taxable year is an 
amount equal to the sum of— 
‘‘(1) 50 percent of the student loan repayment 
expenditures of the taxpayer for the taxable year, 
and 
‘‘(2) 50 percent of the qualified dependent 529 
contributions made by the taxpayer for the taxable 
year. 
‘‘(b) DOLLAR LIMITATION.—The amount taken into 
account under each of paragraphs (1) and (2) with respect 
to any employee for any taxable year shall not exceed 
$5,250. 
‘‘(c) STUDENT LOAN REPAYMENT EXPENDITURE.— 
For purposes of this section, the term ‘student loan repay-
ment expenditure’ means any amount paid by an employer 
for principal or interest on any qualified education loan 
(as defined in section 221(d)(1)) incurred by an employee. 
‘‘(d) QUALIFIED DEPENDENT 529 CONTRIBUTION.— 
For purposes of this section— 
‘‘(1) IN
GENERAL.—The term ‘qualified de-
pendent 529 contribution’ means any amount con-
tributed by an employer to a qualified tuition pro-
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gram the designated beneficiary of which is a quali-
fying child of an employee. 
‘‘(2) QUALIFYING CHILD.—The term ‘qualifying 
child’ means a child who— 
‘‘(A) has not attained the age of 19 at the 
time of the contribution, or 
‘‘(B) is a student who has not attained the 
age of 24 at the time of the contribution. 
‘‘(e) SPECIAL RULES.— 
‘‘(1) SELF-EMPLOYED INDIVIDUALS.—The term 
‘employee’ includes for any year, an individual who 
is an employee within the meaning of section 
401(c)(1) (relating to self-employed individuals). 
‘‘(2) EMPLOYER.—An individual who owns the 
entire interest in an unincorporated trade or busi-
ness shall be treated as his own employer. A part-
nership shall be treated as the employer of each 
partner who is an employee within the meaning of 
paragraph (2).’’. 
(b) CREDIT PART OF GENERAL BUSINESS CREDIT.— 
Section 38(b) of such Code is amended by striking ‘‘plus’’ 
at the end of paragraph (35), by striking the period at 
the end of paragraph (36) and inserting ‘‘, plus’’, and by 
adding at the end the following new paragraph: 
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‘‘(37) the employer-provided higher education 
assistance credit determined under section 45S.’’. 
(c) DENIAL OF DEDUCTION.—Section 280C of such 
Code is amended by adding at the end the following new 
subsection: 
‘‘(j) EMPLOYER-PROVIDED HIGHER EDUCATION AS-
SISTANCE CREDIT.—No deduction shall be allowed for 
that portion of the student loan repayment expenditures 
(as defined in section 45S(c)) and qualified dependent 529 
contributions (as defined in section 45S(d)) otherwise al-
lowable as a deduction for the taxable year which is equal 
to the amount of the credit determined for such taxable 
year under section 45S with respect to any such expendi-
tures or contributions, as the case may be.’’. 
(d) CLERICAL AMENDMENT.—The table of sections 
for subpart D of part IV of subchapter A of chapter 1 
of such Code is amended by adding at the end the fol-
lowing new item: 
‘‘Sec. 45S. Employer-provided higher education assistance credit.’’. 
(e) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2016. 
Æ 
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