LINCOLN – College graduates and Nebraska businesses would both benefit under a bill introduced by Sen. Kate Bolz of Lincoln.
LB443, the Student Loan Repayment Tax Credit Act, would be a way for a business to help pay the student loan debt of its employees.
Businesses could pay for an employee’s student loan principal and interest and gain a non-refundable tax credit of up to 50 percent of the amount paid. They would, however, be limited to $1,800 of credit per employee for up to 20 employees.
“We need more robust policy in order to build and maintain the workforce we need for the future,” Bolz said…
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