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

Introduced:
Apr 27, 2012 (112th Congress, 2011–2013)
Status:
Died (Referred to Committee)
Sponsor
Steve Israel
Representative for New York's 2nd congressional district
Party
Democrat
Text
Read Text »
Last Updated
Apr 27, 2012
Length
9 pages
Related Bills
H.R. 395 (113th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Jan 23, 2013

 
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
 
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.

Cosponsors
5 cosponsors (3D, 2R) (show)
Committees

House Ways and Means

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

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

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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So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

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