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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - Senate

Short Title(s) as Introduced

Upskilling and Retraining Assistance Act

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to amend the Internal Revenue Code of 1986 to expand and modify employer educational assistance programs, and for other purposes.

Actions Overview (1)

Date Actions Overview
08/04/2020Introduced in Senate

All Actions (1)

Date All Actions
08/04/2020Read twice and referred to the Committee on Finance.
Action By: Senate

Cosponsors (2)

* = Original cosponsor
CosponsorDate Cosponsored
Sen. Young, Todd [R-IN]* 08/04/2020
Sen. Cortez Masto, Catherine [D-NV]* 08/04/2020

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Related Documents
Senate Finance08/04/2020 Referred to

No related bill information was received for S.4408.

Subjects (1)

Latest Summary (1)

There is one summary for S.4408. View summaries

Shown Here:
Introduced in Senate (08/04/2020)

Upskilling and Retraining Assistance Act

This bill increases to $12,000 in 2020-2021, the exclusion from employee gross income, for income tax purposes, of employer-paid educational assistance programs.

The bill also expands the definition of educational equipment provided to an employee to include education-related tools and technology and other equipment (e.g., hand tools, computers, software, licensure fees).