DEBT Act of 2019

Summary

Decreasing Employees Burdensome Taxes from Student Loans Act of 2019 or the DEBT Act of 2019 This bill amends the Internal Revenue Code, with respect to the tax treatment of student loan payments, to (1) expand the tax exclusion for employer-provided educational assistance programs to include an employer's payment of any qualified education loan incurred by an employee, (2) increase the maximum amount that may be excluded from the gross income of an employee under employer-provided educational assistance programs, and (3) increase the maximum tax deduction and the income limitation for interest on education loans.

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Timeline

1. 6 December 2019

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 6 December 2019

   Introduced

   Introduced in House

   Source: IntroReferral

3. 6 December 2019

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 6 December 2019 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 6 December 2019

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 6 December 2019

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 6 December 2019

  Open at official source

Sponsors

• Steve Stivers · R · Sponsor
• Kathleen Rice · D · Sponsor
• John Katko · R · Sponsor
• Abigail Spanberger · D · Sponsor
• Kendra Horn · D · Sponsor
• Rep. Gottheimer, Josh [D-NJ-5] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → DEBT Act of 2021