H.R. 655 · 116th Congress
Student Loan Repayment Assistance Act of 2019
- Stage
- In committee
- Sponsor
- Julia Brownley
- Introduced
- 2019-01-17
- Latest action
- 2019-03-01 · Referred to the Subcommittee on Worker and Family Support.
Summary
Student Loan Repayment Assistance Act of 2019
This bill allows a business-related tax credit for an employer's payments for employees under a student loan repayment program. The credit is equal to 10% of the amounts that an employer pays on behalf of any employee under a program and is refundable for certain small businesses and tax-exempt organizations. The payments for an employee may not exceed $500 per month.