PoliticalRepoPoliticalRepo

United States · Bill · S

S. 558 (99th)

Employee Educational Assistance Act of 1985

openUnited States· United States Congress· EN

Introduced

28 February 1985

Last action

5 March 1985 · Committee

Status

Committee on Finance requested executive comment from OMB, Treasury Department, Education Department.

Sponsors

Sen. Moynihan, Daniel Patrick [D-NY], Rep. Symms, Steven D. [R-ID-1], Sen. Matsunaga, Spark M. [D-HI], Sen. Boren, David L. [D-OK], Chuck Grassley, Sen. Levin, Carl [D-MI], Sen. Dixon, Alan J. [D-IL], Sen. Heflin, Howell [D-AL], Sen. Riegle, Donald W., Jr. [D-MI], Sen. Johnston, J. Bennett [D-LA], Sen. Burdick, Quentin N. [D-ND], Sen. Hawkins, Paula [R-FL], Sen. Heinz, John [R-PA], Sen. Pryor, David H. [D-AR], Sen. Lautenberg, Frank R. [D-NJ], Rep. Simon, Paul [D-IL-24], Sen. Melcher, John [D-MT], Rep. Pressler, Larry [R-SD-1], Sen. Sasser, Jim [D-TN], Sen. Gore, Albert, Jr. [D-TN], Sen. Lugar, Richard G. [R-IN], Sen. Bentsen, Lloyd M. [D-TX], Sen. Thurmond, Strom [R-SC], Sen. Nickles, Don [R-OK], Rep. Cochran, Thad [R-MS-4], Sen. Hollings, Ernest F. [D-SC]

Subjects

Taxation

Source updated

29 August 2025

Taxation

Official sourceView documentsShare

Summary

Employee Educational Assistance Act of 1985 - Amends the Internal Revenue Code to extend indefinitely the income tax exclusion for employee educational assistance programs. (Present law terminates such exclusion as of December 31, 1985.) Limits the maximum amount of such exclusion (beginning in 1986) to $5,000 of amounts paid or expenses incurred for educational assistance furnished to an employee during a calendar year. Exempts graduate students engaged in teaching or research activities from such maximum limit. Provides for annual cost-of-living adjustments in such maximum limit beginning in 1987.

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

Timeline

  1. 28 February 1985

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 28 February 1985

    Introduced

    Introduced in Senate

    Source: IntroReferral

  3. 5 March 1985

    Committee

    Committee on Finance requested executive comment from OMB, Treasury Department, Education Department.

    Source: Committee

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

Sponsors

Related records

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.