US HB1739 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Republican 22-1)
Status: Introduced on March 13 2019 - 25% progression, died in committee
Action: 2019-03-13 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Allows tax credits for charitable contributions to certain nonprofit organizations with the exclusive purpose of providing (1) workforce development and apprenticeship training, or (2) scholarships for elementary and secondary education expenses of students from households with income that does not exceed 200% of the median gross income. The bill limits the credits to specified amounts for individuals and corporations. It also (1) imposes a tax on workforce development, apprenticeship training, and scholarship granting organizations that fail to distribute a specified portion of their receipts; and (2) establishes a $2 billion annual volume cap for the tax credits allowed under this bill.

Tracking Information

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Title

USA Workforce Tax Credit Act

Sponsors


History

DateChamberAction
2019-03-13HouseReferred to the House Committee on Ways and Means.
2019-03-13HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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