To amend the Internal Revenue Code of 1986 to provide an exclusion from gross income for student loan payments made by an employer on behalf of an employee.
Last action on Jun 25, 2004Referred to the House Committee on Ways and Means.
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Summary
Amends the Internal Revenue Code to allow an exclusion from gross income of student loan payments made for an employee by an employer. Imposes upon such an employer a tax for failure to make comparable payments on certain education loans of employees.
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