Summary: S.4408 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.4408. Bill summaries are authored by CRS.

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).