3.0.0 3037 2022-11-01T06:17:29Z 2022-11-01T06:17:29Z House HR 2019-05-28 116 [Congressional Record Volume 165, Number 89 (Tuesday, May 28, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. THOMPSON of California:H.R. 3037.Congress has the power to enact this legislation pursuantto the following:Article I[Page H4175]]]> hswm00 Ways and Means Committee House Standing Referred to 2019-05-28T18:01:15Z 2019-05-28 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2019-05-28 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-05-28 Introduced in House IntroReferral 1000 9 Library of Congress T000460 Rep. Thompson, Mike [D-CA-5] MIKE THOMPSON D CA 5 N B001289 Rep. Byrne, Bradley [R-AL-1] Bradley Byrne R AL 1 2019-05-28 True Taxation Business expenses Employee benefits and pensions Employment and training programs Income tax credits Taxation 00 2019-05-28 Introduced in House 2019-06-11T20:02:31Z Career Advancement through New Skills Act

This bill allows a tax credit for employers that is equal to 25% of the qualified education and training expenses paid or incurred for employees. The expenses taken into account for the credit may not exceed $5,000 with respect to any employee for any taxable year.

"Qualified education and training expenses" must be for a program specifically designed to maintain or improve skills of the employee which are necessary or useful either (1) in the employee's current position with the employer, or (2) in another position with the employer to which the employer reasonably anticipates the employee may transfer.

The credit does not apply to expenses for education or training programs that are provided by the employer or by certain family members or business partners of the employer.

]]> Career Advancement through New Skills Act Display Title Career Advancement through New Skills Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide a credit to employers for certain employee education and training expenses. Introduced in House IH Short Title(s) as Introduced Career Advancement through New Skills Act Introduced in House IH Introduced in House 2019-05-28T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr3037ih/xml/BILLS-116hr3037ih.xml 2019-05-28 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.