118th Congress · HOUSE BILLBILL

H.R. 6402Upward Mobility Enhancement Act

To amend the Internal Revenue Code of 1986 to increase the exclusion for educational assistance programs and to allow the exclusion with respect to education-related tools and technology.

Taxation
Introduced Nov 14, 2023
Last action Nov 14, 2023
Pipeline · Bill → Law
Step 1
Introduced
Nov 14, 2023
Step 2
Referred
Nov 14, 2023
Ways & Means
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

This bill increases the amount of the tax exclusion for employer-paid educational assistance programs. It also expands the exclusion to include amounts paid for education-related tools and technology (e.g., hand tools, computers, software, licensure fees). 

Provisions · 3 sectionsIntroduced in House
Timeline · 2 actions
Nov 14, 2023
Introduced in House
Nov 14, 2023
Referred to the House Committee on Ways and Means.