AB 1729: Personal income taxes: gross income: exclusion: student loan assistance.

This bill would include in the definition of “educational assistance” a payment made by an employer on or after January 1, 2023, and before January 1, 2026, paid or incurred by the employer, whether paid to the employee or to a lender, of principal or interest on a qualified education loan, as defined, relating to interest on education loans incurred by the employee. The bill would also make various technical changes to these provisions and delete obsolete language relating to graduate level educational assistance.

Staffer: Adam Boman

For more information, please click here: https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202120220AB1729