US HB2700 | 2017-2018 | 115th Congress

Status

Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on May 25 2017 - 25% progression, died in committee
Action: 2017-05-25 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Workforce Development Investment Act of 2017 This bill amends the Internal Revenue Code to allow employers a business-related tax credit of $5,000 for each community college, other institution of higher education, or area career and technical education school engaged in a qualified partnership with the employer. The bill allows a maximum credit of $20,000 in any taxable year. Within six months of the enactment of this bill, the Department of Education must define the term "qualified partnership." The term must include a partnership through which an employer: (1) collaborates with an educational institution to help develop curriculum in order to improve workforce development and job training for students; (2) helps provide instruction to students in the classroom; and (3) provides internships, apprenticeships, or other similar educational opportunities in the workplace for students. This bill also allows employers a worker training tax credit equal to the lesser of: 50% of the job training program expenditures for a full-time employee participating in a qualified training program, or $5,000. A "qualified training program" is: (1) a qualified partnership, or (2) an apprenticeship program registered and certified with the Department of Labor under the National Apprenticeship Act.

Tracking Information

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Title

Workforce Development Investment Act of 2017

Sponsors


History

DateChamberAction
2017-05-25HouseReferred to the House Committee on Ways and Means.
2017-05-25HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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