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]
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.
Title
USA Workforce Tax Credit Act
Sponsors
Rep. Lloyd Smucker [R-PA] | Rep. Alexander Mooney [R-WV] | Rep. Elise Stefanik [R-NY] | Sen. Ted Budd [R-NC] |
Rep. Matt Gaetz [R-FL] | Rep. Chris Collins [R-NY] | Rep. Debbie Lesko [R-AZ] | Rep. David Kustoff [R-TN] |
Rep. Ken Buck [R-CO] | Rep. Susan Wild [D-PA] | Rep. Randy Weber [R-TX] | Rep. Mark Meadows [R-NC] |
Rep. Kevin Hern [R-OK] | Rep. Christopher Smith [R-NJ] | Rep. Carol Miller [R-WV] | Rep. Dan Meuser [R-PA] |
Rep. Earl Carter [R-GA] | Rep. Steve Watkins [R-KS] | Rep. Neal Dunn [R-FL] | Rep. Peter King [R-NY] |
Rep. Paul Gosar [R-AZ] | Rep. Ron Wright [R-TX] | Rep. Robert Wittman [R-VA] |
History
Date | Chamber | Action |
---|---|---|
2019-03-13 | House | Referred to the House Committee on Ways and Means. |
2019-03-13 | House | Introduced in House |
Subjects
Charitable contributions
Education programs funding
Elementary and secondary education
Employment and training programs
Higher education
Income tax credits
Sales and excise taxes
Social work, volunteer service, charitable organizations
Taxation
Vocational and technical education
Education programs funding
Elementary and secondary education
Employment and training programs
Higher education
Income tax credits
Sales and excise taxes
Social work, volunteer service, charitable organizations
Taxation
Vocational and technical education
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/1739/all-info |
Text | https://www.congress.gov/116/bills/hr1739/BILLS-116hr1739ih.pdf |