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United States · Bill · S

S. 2388 (95th)

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

referredUnited States· United States Congress· EN

Introduced

19 January 1978

Last action

19 January 1978 · Introduced

Status

Referred to Senate Committee on Finance.

Sponsors

Sen. Packwood, Bob [R-OR], Sen. Javits, Jacob K. [R-NY], Sen. Nelson, Gaylord [D-WI], Sen. Moynihan, Daniel Patrick [D-NY], Sen. Griffin, Robert P. [R-MI], Sen. Hollings, Ernest F. [D-SC], Sen. Inouye, Daniel K. [D-HI], Sen. Pell, Claiborne [D-RI], Sen. Tower, John G. [R-TX], Sen. Burdick, Quentin N. [D-ND], Sen. Domenici, Pete V. [R-NM], Sen. Heinz, John [R-PA], Sen. Cranston, Alan [D-CA], Sen. Schmitt, Harrison H. [R-NM], Sen. Anderson, Wendell R. [D-MN], Sen. Helms, Jesse [R-NC], Sen. Bellmon, Henry L. [R-OK], Sen. Chiles, Lawton [D-FL], Sen. Ford, Wendell H. [D-KY], Sen. Haskell, Floyd K. [D-CO], Sen. Hatch, Orrin G. [R-UT], Sen. Hodges, Kaneaster, Jr. [D-AR], Sen. Leahy, Patrick J. [D-VT], Sen. Lugar, Richard G. [R-IN], Sen. Magnuson, Warren G. [D-WA], Sen. Percy, Charles H. [R-IL], Sen. Bartlett, Dewey F. [R-OK], Sen. Mathias, Charles McC., Jr. [R-MD], Sen. Zorinsky, Edward [D-NE], Sen. Melcher, John [D-MT], Sen. Hayakawa, Samuel Ichiye [R-CA], Sen. Bayh, Birch [D-IN], Sen. Riegle, Donald W., Jr. [D-MI], Sen. Stone, Richard (Dick) [D-FL]

Subjects

Taxation

Source updated

1 August 2024

Taxation

Official sourceView documentsShare

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. 19 January 1978

    Introduced

    Referred to Senate Committee on Finance.

    Source: IntroReferral

  2. 19 January 1978

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

Leesvertaling

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Sponsors

Related records

Sources

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