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]
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.
Title
Workforce Development Investment Act of 2017
Sponsors
Rep. Ann Kuster [D-NH] | Rep. Jared Polis [D-CO] | Rep. Seth Moulton [D-MA] |
History
Date | Chamber | Action |
---|---|---|
2017-05-25 | House | Referred to the House Committee on Ways and Means. |
2017-05-25 | House | Introduced in House |
Subjects
Employee benefits and pensions
Employment and training programs
Higher education
Income tax credits
Taxation
Teaching, teachers, curricula
Employment and training programs
Higher education
Income tax credits
Taxation
Teaching, teachers, curricula
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/house-bill/2700/all-info |
Text | https://www.congress.gov/115/bills/hr2700/BILLS-115hr2700ih.pdf |