House Bills - 108th Congress

H.R. 4723—To provide an exclusion from gross income for student loan payments made by an employer on behalf of an employee

On June 25, 2004, Representative Jeb Bradley (R-NH) introduced H.R. 4723, Internal Revenue Code of 1986, Amendment, to provide an exclusion from gross income for student loan payments made by an employer on behalf of an employee. The act would also impose a penalty of 35 percent of the aggregate amount of payments for failure by any employer to make comparable payments on the qualified education loan. The bill has one cosponsor and was referred to the House Committee on Ways and Means.