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 employees 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.
The prop…
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