What does Preamble of Employer Participation in Repayment Act do?

This bill aims to amend the Internal Revenue Code of 1986 The amendment would make the exclusion for certain employer payments of student loans permanent

What does SHORT TITLE. of Employer Participation in Repayment Act do?

This bill is formally titled the Employer Participation in Repayment Act

What does EXCLUSION FOR CERTAIN EMPLOYER PAYMENTS OF STUDENT LOANS UNDER of Employer Participation in Repayment Act do?

This section amends Section 127(c)(1)(B) of the Internal Revenue Code of 1986. The amendment removes the expiration date of 'payments made before January 1, 2026'. The amendment applies to payments made after the date of enactment of this Act.

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Employer Participation in Repayment Act

Last updated: 3/3/2025 · Introduced: 3/3/2025

Author: Nicole Malliotakis (R-NY)

TL;DR (AI)

This bill permanently allows employers to provide student loan repayment assistance to employees without those payments being considered taxable income.
The bill removes the existing 2026 expiration date for employer student loan repayment assistance programs.
The updated rules apply to student loan payments made after the bill's enactment.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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