HR 6401 · 118th Congress · Taxation

Upskilling and Retraining Assistance Act

Introduced 2023-11-14· Sponsored by Rep. Davis, Danny K. [D-IL-7]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2023-11-14)

Plain Language Summary

[AI summary unavailable — showing source text] Upskilling and Retraining Assistance Act  This bill increaes to $12,000 in 2024-2025, 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 (1)

1 Republican
Rep. Feenstra, Randy [R-IA-4]IA