H.R. 5129 (112th): Student Loan Employment Benefits Act of 2012

Introduced:
Apr 27, 2012 (112th Congress, 2011–2013)
Sponsor:
Rep. Steve Israel [D-NY2]
Status:
Died (Referred to Committee)
See Instead:
This bill was re-introduced as H.R. 395 on Jan 23, 2013. See H.R. 395 for current action on this subject.

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on April 27, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced Apr 27, 2012
Referred to Committee Apr 27, 2012
Cosponsors
5 cosponsors (3D, 2R) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend the Internal Revenue Code of 1986 to exclude from gross income amounts paid by an employer on an employee's student loans.

Summary

No summaries available.

Text

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Last updated Apr 27, 2012.
9 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

4/27/2012--Introduced.
Student Loan Employment Benefits Act of 2012 - Amends the Internal Revenue Code to exclude from the gross income of an employee amounts paid by an employer under a student loan payment assistance program.
Limits the amount of such exclusion to $5,000 in a taxable year.
Requires an employer student loan payment assistance program to be a separate written plan of an employer to provide employees with student loan payment assistance.
Defines "student loan payment assistance" as the payment of principal or interest on any indebtedness incurred by an employee solely to pay qualified higher education expenses which are paid or incurred within a reasonable time before or after such indebtedness was incurred and are attributable to education furnished during a period in which such employee was a student eligible for federal financial assistance.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

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