Student Loan Repayment Assistance Act of 2015

Summary

Student Loan Repayment Assistance Act of 2015 Amends the Internal Revenue Code to exclude from the gross income of an employee amounts paid by an employer under a student loan payment assistance program. Requires participating employees to pay at least $50 per month on their student loans (in addition to the amount excluded from their gross income under such program). Limits the amount of such exclusion to $6,000 in a taxable year. Requires an employer student loan payment assistance program to be a separate written plan of an employer to provide employees with student loan payment assistance. Defines "student loan payment assistance" as the payment of principal or interest on any indebtedness incurred by an employee solely to pay qualified higher education expenses that are paid or incurred within a reasonable time before or after such indebtedness was incurred and that are attributable to education furnished during a period in which such employee was a student eligible for federal financial assistance. Allows an employee to take an income tax deduction in an amount equal to the employee's student loan payments that are matched by excludible employer contributions under a student loan payment assistance program. Limits the amount of such deduction to $6,000 in a taxable year and $50,000 over a lifetime.

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Timeline

1. 26 March 2015

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 26 March 2015

   Introduced

   Introduced in House

   Source: IntroReferral

3. 26 March 2015

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 26 March 2015 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 26 March 2015

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 26 March 2015

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 26 March 2015

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Peters, Scott H. [D-CA-50] · D · Sponsor
• Rep. Vargas, Juan [D-CA-52] · D · Cosponsor
• Rep. Hastings, Alcee L. [D-FL-20] · D · Cosponsor
• Rep. Lawrence, Brenda L. [D-MI-14] · D · Cosponsor
• Rep. DeSaulnier, Mark [D-CA-10] · D · Cosponsor
• Rep. Serrano, Jose E. [D-NY-15] · D · Cosponsor
• Rep. Torres, Norma J. [D-CA-35] · D · Cosponsor
• Rep. Swalwell, Eric [D-CA-15] · D · Cosponsor
• Rep. Cicilline, David N. [D-RI-1] · D · Cosponsor
• Sen. Sinema, Kyrsten [I-AZ] · D · Cosponsor
• Rep. Lowenthal, Alan S. [D-CA-47] · D · Cosponsor
• Rep. Wilson, Frederica S. [D-FL-24] · D · Cosponsor
• Rep. MacArthur, Thomas [R-NJ-3] · R · Cosponsor
• Rep. Ellison, Keith [D-MN-5] · D · Cosponsor
• Rep. Polis, Jared [D-CO-2] · D · Cosponsor
• Rep. Davis, Rodney [R-IL-13] · R · Cosponsor
• Rep. Velázquez, Nydia M. [D-NY-7] · D · Cosponsor
• Rep. Kuster, Ann M. [D-NH-2] · D · Cosponsor
• Rep. Meng, Grace [D-NY-6] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to ← Student Loan Employment Benefits Act of 2016