A bill to amend the Internal Revenue Code of 1954 to provide for the exclusion from gross income of certain employer educational assistance programs.

Summary

Amends the Internal Revenue Code to exclude from the gross income of an employee amounts paid or expenses incurred by the employer for educational assistance to the employee. Limits to 25 percent the amount of payments which may be made by such programs to shareholders or owners (or their spouses or dependents), each of whom owns more than five percent of the stock or of the capital or profits interest in the employer.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 27 April 1978

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 27 April 1978

   Introduced

   Introduced in House

   Source: IntroReferral

3. 27 April 1978

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 27 April 1978

  Open at official source

Sponsors

• Rep. Lloyd, Marilyn [D-TN-3] · D · Sponsor
• · hswm00 · Standing

Related records

• related to → A bill to amend the Internal Revenue Code of 1954 to provide for the exclusion from gross income of certain employer educational assistance programs.