H.R. 654 · 116th Congress
Investing in Tomorrow’s Workforce Act of 2019
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
BrownSponsor4 cosponsors · 4 D
3 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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.
What it does: CRS summary · Introduced in House · Jan 17, 2019
Investing in Tomorrow's Workforce Act of 2019
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Investing in Tomorrow’s Workforce Act of 2019
Latest action (Jan 17, 2019): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Jan 17, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.