US SB2429 | 2013-2014 | 113th Congress
Status
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on June 4 2014 - 25% progression, died in committee
Action: 2014-06-04 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 4 2014 - 25% progression, died in committee
Action: 2014-06-04 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Employer Participation in Refinancing Act - Amends the Internal Revenue Code to allow an exclusion from gross income for the payment of an employer, either to an employee or a lender, of any indebtedness of an employee under a qualified education refinance loan or any interest relating to such a loan. Defines "qualified education refinance loan" as any indebtedness used solely to refinance a qualified education loan with respect to which the lender offers the borrower protection in the event of unemployment or financial hardship.
Title
Employer Participation in Refinancing Act
Sponsors
| Sen. Mark Warner [D-VA] | Sen. Kelly Ayotte [R-NH] | Sen. John Thune [R-SD] |
History
| Date | Chamber | Action |
|---|---|---|
| 2014-06-04 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB5578 (Same As) 2014-09-18 - Referred to the House Committee on Ways and Means.
Subjects
Employee benefits and pensions
Income tax exclusion
Interest, dividends, interest rates
Student aid and college costs
Taxation
Unemployment
Income tax exclusion
Interest, dividends, interest rates
Student aid and college costs
Taxation
Unemployment
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/113th-congress/senate-bill/2429/all-info |
| Text | https://www.congress.gov/113/bills/s2429/BILLS-113s2429is.pdf |
