S. 4408 · 116th Congress
Upskilling and Retraining Assistance Act
- Stage
- In committee
- Sponsor
- Maggie Hassan
- Introduced
- 2020-08-04
- Latest action
- 2020-08-04 · Introduced in Senate
Summary
Upskilling and Retraining Assistance Act
This bill increases to $12,000 in 2020-2021, the exclusion from employee gross income, for income tax purposes, of employer-paid educational assistance programs.
The bill also expands the definition of educational equipment provided to an employee to include education-related tools and technology and other equipment (e.g., hand tools, computers, software, licensure fees).