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S 1802 United States Senate · 117th Congress

Upskilling and Retraining Assistance Act

Summary
Upskilling and Retraining Assistance Act This bill increases to $12,000 in 2021-2022, the exclusion from employee gross income, for income tax purposes, of employer-paid educational assistance programs. The bill also expands the exclusion to include amounts paid for education-related tools and technology (e.g., hand tools, computers, software, licensure fees).
Issues: ✓ Budget & TaxesSupports Budget & TaxesExpands tax exclusion for employee education costs, reducing taxable income for workers - providing tax relief under Budget & Taxes policy95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentIncreases tax exclusion for employer-funded training, enabling workers to access skill development without tax burden, aligning with worker benefit expansion85% confidence ✓ TechnologySupports TechnologyExpands tax exclusion to cover employer-paid tech tools (computers, software), promoting workplace technology access for upskilling.90% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
May 2021
Committee Review
Floor Vote
President
Introduced May 25, 2021 Last action May 25, 2021
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
May 25, 2021
Committee
Read twice and referred to the Committee on Finance.
upper
May 25, 2021
Introduced
Introduced in Senate
upper
1 primary · 3 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Margaret Wood Hassan
Margaret Wood Hassan
DDemocratic
NH
n/a
Co
Photo of Catherine Cortez Masto
Catherine Cortez Masto
DDemocratic
NV
n/a
Co
Photo of Tim Scott
Tim Scott
RRepublican
SC
n/a
Co
Photo of Todd Young
Todd Young
RRepublican
IN
n/a