Senate Bill 4408
116th Congress(2019-2020)
Upskilling and Retraining Assistance Act
Introduced
Introduced in Senate on Aug 4, 2020
Origin Chamber
Senate
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
4408
Congress
116
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.
No Senate votes have been held for this bill.
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).
August 4, 2020
08/04/2020
Read twice and referred to the Committee on Finance.
08/04/2020
Introduced in Senate
Public Record
Record Updated
Jan 11, 2023 1:45:21 PM