Pennsylvania House passes bill offering tax credits for employer tuition savings contributions, aiming to address student debt.

Pennsylvania House passes a bill that would provide tax credits for employers contributing to employees' tuition savings accounts, aiming to help alleviate the burden of student debt. The legislation proposes a tax credit equal to 25% of an employer's total contributions (up to $500 annually) to an employee's tuition savings account. The bill has now moved to the state Senate for further consideration.

March 20, 2024
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