S 1802 · 117th Congress · Taxation

Upskilling and Retraining Assistance Act

Introduced 2021-05-25· Sponsored by Sen. Hassan, Margaret Wood [D-NH]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2021-05-25)

Plain Language Summary

[AI summary unavailable — showing source text] Upskilling and Retraining Assistance Act This bill increases to $12,000 in 2021-2022, the exclusion from employee gross income, for income tax purposes, of employer-paid educational assistance programs. The bill also expands the exclusion to include amounts paid for education-related tools and technology (e.g., hand tools, computers, software, licensure fees).…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (3)

1 Democrat2 Republicans
Sen. Young, Todd [R-IN]IN
Sen. Cortez Masto, Catherine [D-NV]NV
Sen. Scott, Tim [R-SC]SC