[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4878 Introduced in House (IH)]

103d CONGRESS
  2d Session
                                H. R. 4878

To amend the Internal Revenue Code of 1986 to allow employers a credit 
  against income tax for 20 percent of the employee training expenses 
                   paid or incurred by the employer.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             August 1, 1994

  Mr. McHale introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to allow employers a credit 
  against income tax for 20 percent of the employee training expenses 
                   paid or incurred by the employer.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Job Training Tax Credit Act of 
1994''.

SEC. 2. EMPLOYER CREDIT FOR JOB TRAINING PROGRAM EXPENSES.

    (a) In General.--Subpart D of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 (relating to business-related 
credits) is amended by adding at the end the following new section:

``SEC. 45C. JOB TRAINING PROGRAM EXPENSES.

    ``(a) General Rule.--For purposes of section 38, in the case of an 
employer, the job training program credit determined under this section 
is an amount equal to 20 percent of job training program expenses paid 
or incurred by the taxpayer during the taxable year.
    ``(b) Limitation.--The amount of job training program expenses with 
respect to an employee which may be taken into account under subsection 
(a) for the taxable year shall not exceed $6,000.
    ``(c) Job Training Program Expenses.--For purposes of this section, 
the term `job training program expenses' means expenses incurred by 
reason of the participation of an employee of the taxpayer in any job 
training program funded in whole or in part with Federal funds.''
    (b) Credit To Be Part of General Business Credit.--Subsection (b) 
of section 38 of such Code is amended by striking ``plus'' at the end 
of paragraph (10), by striking the period at the end of paragraph (11) 
and inserting ``, plus'', and by adding at the end the following new 
paragraph:
            ``(12) in the case of an employer, the job training program 
        credit determined under section 45C.''
    (c) Clerical Amendment.--The table of sections for subpart D of 
part IV of subchapter A of chapter 1 of such Code is amended by adding 
at the end the following new item:

                              ``Sec. 45C. Job training program 
                                        expenses.''
    (d) Effective Date.--The amendments made by this section shall 
apply to amounts paid or incurred after the date of the enactment of 
this Act in taxable years ending after such date.
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