,i  #aad? ,,congress  #b;d ,session  ,h4
 ,r4 #dcfc  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,janu>y #aa1 #bjaf    
,mr4 ,au/9 ,scott ( ,georgia introduc$ !
 foll[+ bill2 :i* 0 ref]r$ to !         
,committee on ,ways & ,means  ,a ,,bill 
,to am5d ! ,int]nal ,rev5ue ,code (     
#aihf to exclude f gross income am\nts  
paid by an employ] on an employee's     
/ud5t loans4  #a4 ,%ort title ,?is ,act 
may be cit$ z ! ,/ud5t ,tax ,af=dability
 & ,relief ,act4  #b4 ,exclusion f gross
 income = b5efits "u /ud5t loan paym5t  
assi/ance programs  7a7 ,9 g5]al ,"p    
,,iii ( sub*apt] ,b ( *apt] #a ( !      
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by ins]t+ aft] section #abg ! foll[+ new
 section3  #abg;,a4 ,b5efits "u employ] 
sponsor$ /ud5t loan repaym5t programs   
7a7 ,9 g5]al ,9 ! case ( an individual1 
gross income does n include qualifi$    
/ud5t loan paym5t assi/ance4  7b7       
,qualifi$ /ud5t loan paym5t assi/ance ,=
 purposes ( ?is section1 ! t]m qualifi$ 
/ud5t loan paym5t assi/ance means am\nts

 paid or incurr$ by an employ] "u a plan
 = ! exclusive b5efit ( ! employees ( ! 
employ] to provide su* employees ) /ud5t
 loan paym5t assi/ance4  7c7            
,limitations ,! am\nt tak5 into acc\nt  
"u subsection 7a7 = a taxable ye> %all n
 exce$ #aj1jjj4  7d7 ,def9itions ,=     
purposes ( ?is section--  7#a7 ,/ud5t   
loan paym5t assi/ance ,! t]m /ud5t loan 
paym5t assi/ance means ! paym5t (       
pr9cipal or int]e/ on-- 7,a7 any        
indebt$ness incurr$ by an employee =    
qualifi$ high] education exp5ses incurr$
 by ! employee = education furni%$ to ! 
employee1 &  7,b7 any indebt$ness us$ to
 ref9ance indebt$ness describ$ 9        
subp>agraph 7,a74  7#b7 ,qualifi$ high] 
education exp5se ,! t]m qualifi$ high]  
education exp5se means ! co/ ( att5dance
 z def9$ 9 section #dgb ( ! ,high]      
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajhgll74  4  7b7 ,cl]ical am5dm5t ,!   
table ( sections = "p ,,iii ( sub*apt]  
,b ( *apt] #a ( su* ,code is am5d$ by   
ins]t+ aft] ! item relat+ to section    

#abg ! foll[+ new item3  ,sec4 #abg;,a4 
,b5efits "u employ] sponsor$ /ud5t loan 
repaym5t programs4  4  7c7 ,effective   
date ,! am5dm5ts made by ?is section    
%all apply to taxable ye>s beg9n+ aft] !
 date ( ! enactm5t ( ?is ,act4