Title: Employer Participation in Repayment Act of 2019
Policy area: Taxation

Summary:

Employer Participation in Repayment Act of 2019
This bill expands the tax exclusion for employer-provided educational assistance to include payments of qualified education loans by an employer to either an employee or a lender.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1043 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 1043

To amend the Internal Revenue Code of 1986 to extend the exclusion for 
   employer-provided educational assistance to employer payments of 
                       qualified education loans.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            February 7, 2019

Mr. Peters (for himself, Mr. Rodney Davis of Illinois, Mr. Blumenauer, 
Ms. Stefanik, Mrs. Murphy, Mr. Smith of Missouri, Ms. Moore, Mr. Cole, 
Mr. Bacon, Mr. Barr, Ms. Barragan, Mrs. Beatty, Mr. Bera, Mr. Bost, Mr. 
Brendan F. Boyle of Pennsylvania, Mrs. Brooks of Indiana, Ms. Brownley 
 of California, Mr. Bucshon, Mrs. Bustos, Mr. Carbajal, Mr. Carson of 
Indiana, Mr. Cartwright, Ms. Judy Chu of California, Mr. Cicilline, Mr. 
Cohen, Mr. Connolly, Mr. Cook, Mr. Crawford, Ms. Dean, Ms. DelBene, Mr. 
Delgado, Mr. DeSaulnier, Mr. Fitzpatrick, Mr. Foster, Mr. Gallego, Mr. 
     Garamendi, Mr. Gomez, Mr. Grothman, Ms. Haaland, Ms. Hill of 
  California, Mr. Himes, Mr. Hudson, Mr. Hurd of Texas, Mr. Joyce of 
 Ohio, Mr. Katko, Mr. Kennedy, Mr. Khanna, Mr. Kilmer, Mr. King of New 
York, Mr. Kinzinger, Mrs. Kirkpatrick, Ms. Kuster of New Hampshire, Mr. 
LaHood, Mr. Lamb, Mr. Levin of California, Mr. Ted Lieu of California, 
 Mr. Loebsack, Ms. Lofgren, Mr. Sean Patrick Maloney of New York, Mr. 
 Marshall, Mrs. McBath, Mr. McEachin, Mr. McGovern, Mr. McKinley, Mr. 
 McNerney, Mr. Mitchell, Mr. Moulton, Mrs. Napolitano, Mr. O'Halleran, 
 Mr. Pallone, Mr. Peterson, Ms. Pingree, Mr. Quigley, Miss Rice of New 
  York, Mr. Riggleman, Mr. David P. Roe of Tennessee, Mr. Rose of New 
    York, Mr. Rouzer, Mr. Ruppersberger, Mr. Ryan, Ms. Scanlon, Mr. 
Schrader, Ms. Sewell of Alabama, Ms. Slotkin, Mr. Stanton, Mr. Stivers, 
   Mr. Swalwell of California, Mr. Takano, Mr. Tonko, Mrs. Torres of 
California, Mrs. Trahan, Mr. Turner, Mr. Vargas, Mr. Welch, Ms. Wilson 
  of Florida, Mr. Womack, Mr. Lynch, and Mr. Hastings) 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 extend the exclusion for 
   employer-provided educational assistance to employer payments of 
                       qualified education loans.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Employer Participation in Repayment 
Act of 2019''.

SEC. 2. EXCLUSION FOR EMPLOYER PAYMENT OF QUALIFIED EDUCATION LOANS.

    (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 subparagraph (B) as subparagraph (C), and by inserting 
after subparagraph (A) the following new subparagraph:
                    ``(B) the payment by an employer, whether paid to 
                the employee or to a lender, of principal or interest 
                on any qualified education loan (as defined in section 
                221(d)(1)) incurred by the employee, and''.
    (b) Denial of Double Benefit.--Section 221(e)(1) of such Code is 
amended by inserting before the period at the end the following: ``, or 
for any amount which is excludable from gross income under section 
127(c)(1)(B)''.
    (c) Effective Date.--The amendments made by this section shall 
apply to payments made by employers after December 31, 2019.
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