Employer Participation in Repayment Act

Bill: 118-hr-9164
Sponsor: full_name: Rep. Malliotakis, Nicole [R-NY-11]
Introduced: 2024-07-25
Policy area: Taxation
Latest action: action_date: 2024-07-25
text: Referred to the House Committee on Ways and Means.

Summaries:

tv_txt: I 118th CONGRESS 2d Session H. R. 9164 IN THE HOUSE OF REPRESENTATIVES July 25, 2024 Ms. Malliotakis (for herself and Mr. Peters ) 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 make the exclusion for certain employer payments of student loans under educational assistance programs permanent.

1. Short title This Act may be cited as the Employer Participation in Repayment Act . 2. Exclusion for certain employer payments of student loans under educational assistance programs made permanent (a) In general Section 127(c)(1)(B) of the Internal Revenue Code of 1986 is amended by striking in the case of payments made before January 1, 2026, . (b) Effective date The amendment made by this section shall apply to payments made after the date of the enactment of this Act.