Sec. 2206. EXCLUSION FOR CERTAIN EMPLOYER PAYMENTS OF STUDENT LOANS
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## SEC. 2206 EXCLUSION FOR CERTAIN EMPLOYER PAYMENTS OF STUDENT LOANS ###
(a)In General Paragraph
(1)of section 127(c) of the Internal Revenue Code of 1986 is amended by striking “ and ” at the end of subparagraph (A), by redesignating subparagraph
(B)as subparagraph (C), and by inserting after subparagraph
(A)the following new subparagraph: > > ##### “(B) > > in the case of payments made before January 1, 2021, the payment by an employer, whether paid to the employee or to a lender, of principal or interest on any qualified education loan (as defined in section 221(d)(1)) incurred by the employee for education of the employee, and” > . ###
(b)Conforming Amendment; Denial of Double Benefit **[**[26 U.S.C. 221](/us/usc/t26/s221)**]** The first sentence of paragraph
(1)of section 221(e) of the Internal Revenue Code of 1986is amended by inserting before the period the following: “, or for which an exclusion is allowable under section 127 to the taxpayer by reason of the payment by the taxpayer’s employer of any indebtedness on a qualified education loan of the taxpayer”. ###
(c)Effective Date **[**[26 U.S.C. 127 note](/us/usc/t26/s127)**]** The amendments made by this section shall apply to payments made after the date of the enactment of this Act. ## Subtitle C Business Provisions
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