Senate bill S3296-118

Finance Committee

Upskilling and Retraining Assistance Act

• Last activity on Nov 14, 2023

• Introduced Nov 14, 2023

• By Sen. Hassan, Margaret Wood [D-NH]

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Main Subject: Taxation

Upskilling and Retraining Assistance Act

This bill increases to $12,000 in 2024-2025, the exclusion from employee gross income, for income tax purposes, of employer-paid educational assistance programs.

The bill also expands the exclusion to include amounts paid for education-related tools and technology (e.g., hand tools, computers, software, licensure fees).

Senate Actions

IntroReferral
Nov. 14 2023	Read twice and referred to the Committee on Finance.

Library of Congress Actions

IntroReferral
Nov. 14 2023	Introduced in Senate

Senate bill S3296-118

Upskilling and Retraining Assistance Act

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