3.0.0 2442 2023-01-11T13:40:24Z 2023-01-11T13:40:24Z Senate S 2018-02-15 115 ssfi00 Finance Committee Senate Standing Referred to 2018-02-15T20:46:27Z 2018-02-15 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2018-02-15 Introduced in Senate IntroReferral 10000 9 Library of Congress S000770 Sen. Stabenow, Debbie [D-MI] Debbie Stabenow D MI N Taxation Education programs funding Employment and training programs Higher education Income tax credits Licensing and registrations State and local taxation Taxation 00 2018-02-15 Introduced in Senate 2018-07-30T14:16:04Z New Skills for New Jobs Act

This bill directs the Department of the Treasury to make quarterly matching payments to an eligible community college in an amount equal to the aggregate new job tax withholding matches received by the college for providing qualified training to job trainees under a state new jobs training tax credit program.

Under a state new jobs training tax credit program, state income taxes that have been withheld by an employer on behalf of a trainee who has been employed are paid to the eligible community college, to the extent that the payment does not exceed the cost of qualified training specified in a contract between the college and the employer.

The bill also provides funding for Treasury to carry out the program.

]]> New Skills for New Jobs Act Display Title New Skills for New Jobs Act Official Title as Introduced A bill to establish a Federal tax credit approximation matching program for State new jobs training tax credits, and for other purposes. Introduced in Senate IS Short Titles as Introduced New Skills for New Jobs Act Introduced in Senate 2018-02-15T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s2442is/xml/BILLS-115s2442is.xml 2018-02-15 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.