Upward Mobility Enhancement Act

Summary

Upward Mobility Enhancement Act This bill amends the Internal Revenue Code, with respect to the exclusion for educational assistance programs, to increase the maximum amount of employer-provided educational assistance that may be excluded from the gross income of an employee. The bill: (1) specifies that the exclusion applies only to the first $11,500 of educational assistance furnished to an individual during a calendar year, in the case of assistance for education below the graduate level; and (2) requires the dollar amount to be adjusted for inflation after 2017. (Under current law, the exclusion applies only to the first $5,250 of educational assistance furnished to an individual during a calendar year and is not adjusted for inflation.)

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Timeline

1. 25 October 2017

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 25 October 2017

   Introduced

   Introduced in House

   Source: IntroReferral

3. 25 October 2017

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 25 October 2017 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 25 October 2017

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 25 October 2017

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 25 October 2017

  Open at official source

Sponsors

• Rep. Smith, Jason [R-MO-8] · R · Sponsor
• Henry Cuellar · D · Sponsor
• Rodney Davis · R · Sponsor
• Rep. DelBene, Suzan K. [D-WA-1] · D · Sponsor
• Rep. Davis, Danny K. [D-IL-7] · D · Sponsor
• Kyrsten Sinema · D · Cosponsor
• Derek Kilmer · D · Cosponsor
• Anna Eshoo · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → Upward Mobility Enhancement Act
• related to → Stronger Way Act