3.0.0 2048 2023-01-11T13:38:12Z 2023-01-11T13:38:12Z Senate S 2017-10-31 115 ssfi00 Finance Committee Senate Standing Referred to 2017-10-31T22:04:14Z Investing in American Workers Act 115 5516 HR 2018-04-16 Sponsor introductory remarks on measure. (CR H3330) Related bill CRS 2017-10-31 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2017-10-31 Introduced in Senate IntroReferral 10000 9 Library of Congress W000805 Sen. Warner, Mark R. [D-VA] Mark Warner D VA R. N C001070 Sen. Casey, Robert P., Jr. [D-PA] Bob Casey D PA 2017-10-31 True S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI 2017-10-31 True Taxation Employment and training programs Employment taxes Higher education Income tax credits Income tax rates Licensing and registrations Small business Tax-exempt organizations Taxation 00 2017-10-31 Introduced in Senate 2018-06-01T13:48:17Z Investing in American Workers Act

This bill amends the Internal Revenue Code to allow a business-related tax credit for employers who increase worker training expenditures.

The credit is equal to 20% of the excess of: (1) the qualified training expenditures for the year, over (2) the average of the adjusted qualified training expenditures for the three previous years. If the employer had no qualified training expenditures in any one of the three previous years, the credit is equal to 10% of the adjusted qualified training expenditures for the year.

The credit applies to expenditures for the training of non-highly compensated employees (annual compensation does not exceed $82,000). The training must result in the attainment of a recognized postsecondary credential and be provided through:

  • an apprenticeship program;
  • a program of training services that is included on a list of eligible training providers that states are required to maintain under the Workforce Innovation and Opportunity Act;
  • a program which is conducted by an area career and technical education school, a community college, or a labor organization; or
  • a program which is sponsored and administered by an employer, industry trade association, industry or sector partnership, or labor organization.

Certain small businesses and tax-exempt organizations may apply the credit against payroll taxes, subject to specified limits and requirements. Eligible small businesses may also apply the credit against the alternative minimum tax.

]]> Investing in American Workers Act Display Title Investing in American Workers Act Short Titles as Introduced Investing in American Workers Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide a credit for employer-provided worker training. Introduced in Senate 2017-10-31T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s2048is/xml/BILLS-115s2048is.xml 2017-10-31 Read twice and referred to the Committee on Finance. 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.