3.0.0 6694 2023-01-11T13:41:43Z 2023-01-11T13:41:43Z House HR 2018-08-31 115 [Congressional Record Volume 164, Number 145 (Friday, August 31, 2018)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BROWN of Maryland:H.R. 6694.Congress has the power to enact this legislation pursuantto the following:Necessary and Proper Clause (Art. 1, Sec. 8, Cl. 18)[Page H7782]]]> hswm00 Ways and Means Committee House Standing Referred to 2018-08-31T13:30:40Z 2018-08-31 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2018-08-31 Introduced in House IntroReferral Intro-H 9 Library of Congress 2018-08-31 Introduced in House IntroReferral 1000 9 Library of Congress B001304 Rep. Brown, Anthony G. [D-MD-4] Anthony Brown D MD G. 4 N J000032 Rep. Jackson Lee, Sheila [D-TX-18] SHEILA JACKSON LEE D TX 18 2018-08-31 True W000826 Rep. Wild, Susan [D-PA-15] Susan Wild D PA 15 2018-12-17 False Taxation Business expenses Employee hiring Employment and training programs Income tax credits Taxation 00 2018-08-31 Introduced in House 2019-02-26T14:32:58Z Investing in Tomorrow's Workforce Act of 2018

This bill allows a business-related tax credit for employers who increase spending on worker training programs compared to their average training expenses for the three previous years.

The tax credit is equal to the sum of (1) 40% of the increase for high-demand occupation training expenses, and (2) 20% of the increase for low-demand occupation training expenses. The expenses must be for full-time employees whose compensation does not exceed $82,000 for the year.

A "high-demand occupation training expense" is designed to lead to employment in an occupation that is expected to experience not fewer than 20% occupational openings over a specified 10-year period. A "low-demand occupation training expense" is designed to lead to employment in any other occupation.

]]> Investing in Tomorrow's Workforce Act of 2018 Display Title Investing in Tomorrow's Workforce Act of 2018 Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide employers with a credit against tax for increasing employee training. Introduced in House IH Short Titles as Introduced Investing in Tomorrow's Workforce Act of 2018 Introduced in House 2018-08-31T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr6694ih/xml/BILLS-115hr6694ih.xml 2018-08-31 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.