US HB3037 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on May 28 2019 - 25% progression, died in committee
Action: 2019-05-28 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 28 2019 - 25% progression, died in committee
Action: 2019-05-28 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allows a tax credit for employers that is equal to 25% of the qualified education and training expenses paid or incurred for employees. The expenses taken into account for the credit may not exceed $5,000 with respect to any employee for any taxable year. "Qualified education and training expenses" must be for a program specifically designed to maintain or improve skills of the employee which are necessary or useful either (1) in the employee's current position with the employer, or (2) in another position with the employer to which the employer reasonably anticipates the employee may transfer. The credit does not apply to expenses for education or training programs that are provided by the employer or by certain family members or business partners of the employer.
Title
Career Advancement through New Skills Act
Sponsors
Rep. Mike Thompson [D-CA] | Rep. Bradley Byrne [R-AL] |
History
Date | Chamber | Action |
---|---|---|
2019-05-28 | House | Referred to the House Committee on Ways and Means. |
2019-05-28 | House | Introduced in House |
Subjects
Business expenses
Employee benefits and pensions
Employment and training programs
Income tax credits
Taxation
Employee benefits and pensions
Employment and training programs
Income tax credits
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/3037/all-info |
Text | https://www.congress.gov/116/bills/hr3037/BILLS-116hr3037ih.pdf |