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HR 654 116th Congress House Taxation Business expenses Employee hiring Employment and training programs Income tax credits

Investing in Tomorrow’s Workforce Act of 2019

Introduced: January 17, 2019 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 17, 2019
Referred to the House Committee on Ways and Means.
Jan 17, 2019
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now January 17, 2019

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2