Senate Bill 124 Would Exempt Employees From Paying Income Tax On Employer Loan Reimbursements

Missoula Senator Shane Morigeau introduced Senate Bill 124 and Wednesday there were no opponents to his legislation in the Senate Taxation Committee. It would exempt employees from having to pay income tax on student loan reimbursements made by an employer which would benefit Montana students who leave college with an average of $33,000 in debt…