Employer Participation in Repayment Act in plain language
1: Short title
This section would allow this Act to be called the "Employer Participation in Repayment Act."
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1. Short title This Act may be cited as the Employer Participation in Repayment Act .
2: Exclusion for certain employer payments of student loans under educational assistance programs made permanent
This section would remove the date limit on the exclusion for employer payments of student loans made under educational assistance programs, by striking the phrase "in the case of payments made before January 1, 2026," from section 127(c)(1)(B) of the Internal Revenue Code of 1986. As a result, the exclusion would no longer expire; it would apply permanently instead of only to payments made before January 1, 2026. This change would apply to payments made after the date this Act is enacted.
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2. Exclusion for certain employer payments of student loans under educational assistance programs made permanent (a) In general Section 127(c)(1)(B) of the Internal Revenue Code of 1986 is amended by striking in the case of payments made before January 1, 2026, . (b) Effective date The amendment made by this section shall apply to payments made after the date of the enactment of this Act.