3.0.0 5415 2023-01-11T13:32:49Z 2023-01-11T13:32:49Z House HR 2016-06-09 114 [Congressional Record Volume 162, Number 91 (Thursday, June 9, 2016)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. STEFANIK:H.R. 5415.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the Constitution of the UnitedStates[Page H3663]]]> hswm00 Ways and Means Committee House Standing Referred to 2016-06-09T14:01:10Z Employer Participation in Student Loan Assistance Act 114 3861 HR 2015-10-29 Referred to the House Committee on Ways and Means. Related bill CRS Employer Participation in Repayment Act of 2016 114 2457 S 2016-01-20 Read twice and referred to the Committee on Finance. Related bill CRS 2016-06-09 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2016-06-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2016-06-09 Introduced in House IntroReferral 1000 9 Library of Congress S001196 Rep. Stefanik, Elise M. [R-NY-21] Elise Stefanik R NY M. 21 N M001189 Rep. Messer, Luke [R-IN-6] Luke Messer R IN 6 2016-06-09 True M001197 Rep. McSally, Martha [R-AZ-2] Martha McSally R AZ 2 2016-09-07 False Taxation Employee benefits and pensions Income tax exclusion Interest, dividends, interest rates Student aid and college costs Taxation 00 2016-06-09 Introduced in House 2016-06-13T20:12:53Z Helping Employers Lessen Payments for Students Act of 2016 or the HELPS Act

This bill amends the Internal Revenue Code to exclude from gross income of an employee up to $10,000 per year in education loan payments made by an employer on behalf of the employee.

]]> HELPS Act Display Title HELPS Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to exclude from gross income student loan payments made by an employer on behalf of an employee. Introduced in House IH Short Titles as Introduced HELPS Act Short Titles as Introduced Helping Employers Lessen Payments for Students Act of 2016 Introduced in House 2016-06-09T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr5415ih/xml/BILLS-114hr5415ih.xml 2016-06-09 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.