Bill Sponsor
House Bill 4135
115th Congress(2017-2018)
Upward Mobility Enhancement Act
Introduced
Introduced
Introduced in House on Oct 25, 2017
Overview
Text
Introduced
Oct 25, 2017
Latest Action
Oct 25, 2017
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4135
Congress
115
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
Sponsorship by Party
Republican
Missouri
Democrat
California
Republican
Illinois
Democrat
Washington
Democrat
Washington
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Upward Mobility Enhancement Act

This bill amends the Internal Revenue Code, with respect to the exclusion for educational assistance programs, to increase the maximum amount of employer-provided educational assistance that may be excluded from the gross income of an employee.

The bill: (1) specifies that the exclusion applies only to the first $11,500 of educational assistance furnished to an individual during a calendar year, in the case of assistance for education below the graduate level; and (2) requires the dollar amount to be adjusted for inflation after 2017.

(Under current law, the exclusion applies only to the first $5,250 of educational assistance furnished to an individual during a calendar year and is not adjusted for inflation.)

Text (1)
October 25, 2017
Actions (2)
10/25/2017
Referred to the House Committee on Ways and Means.
10/25/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:38:22 PM