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Investing in Tomorrow’s Workforce Act of 2019

USA116th CongressHR-654| House 
| Updated: 1/17/2019
Anthony G. Brown

Anthony G. Brown

Democratic Representative

Maryland

Cosponsors (4)
Gilbert Ray Cisneros (Democratic)Sheila Jackson Lee (Democratic)Angie Craig (Democratic)Susan Wild (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Investing in Tomorrow's Workforce Act of 2019 This bill allows a business-related tax credit for employers who increase spending on worker training programs compared to their average training expenses for the three previous years. The tax credit is equal to the sum of (1) 40% of the increase for high-demand occupation training expenses, and (2) 20% of the increase for low-demand occupation training expenses. The expenses must be for full-time employees whose compensation does not exceed $82,000 for the year. A "high-demand occupation training expense" is designed to lead to employment in an occupation that is expected to experience not fewer than 20% occupational openings over a specified 10-year period. A "low-demand occupation training expense" is designed to lead to employment in any other occupation.
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Timeline
Jan 17, 2019
Introduced in House
Jan 17, 2019
Referred to the House Committee on Ways and Means.
Oct 22, 2019

Latest Companion Bill Action

S 116-2659
Introduced in Senate
  • January 17, 2019
    Introduced in House


  • January 17, 2019
    Referred to the House Committee on Ways and Means.


  • October 22, 2019

    Latest Companion Bill Action

    S 116-2659
    Introduced in Senate

Taxation

Business expensesEmployee hiringEmployment and training programsIncome tax credits

Investing in Tomorrow’s Workforce Act of 2019

USA116th CongressHR-654| House 
| Updated: 1/17/2019
Investing in Tomorrow's Workforce Act of 2019 This bill allows a business-related tax credit for employers who increase spending on worker training programs compared to their average training expenses for the three previous years. The tax credit is equal to the sum of (1) 40% of the increase for high-demand occupation training expenses, and (2) 20% of the increase for low-demand occupation training expenses. The expenses must be for full-time employees whose compensation does not exceed $82,000 for the year. A "high-demand occupation training expense" is designed to lead to employment in an occupation that is expected to experience not fewer than 20% occupational openings over a specified 10-year period. A "low-demand occupation training expense" is designed to lead to employment in any other occupation.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jan 17, 2019
Introduced in House
Jan 17, 2019
Referred to the House Committee on Ways and Means.
Oct 22, 2019

Latest Companion Bill Action

S 116-2659
Introduced in Senate
  • January 17, 2019
    Introduced in House


  • January 17, 2019
    Referred to the House Committee on Ways and Means.


  • October 22, 2019

    Latest Companion Bill Action

    S 116-2659
    Introduced in Senate
Anthony G. Brown

Anthony G. Brown

Democratic Representative

Maryland

Cosponsors (4)
Gilbert Ray Cisneros (Democratic)Sheila Jackson Lee (Democratic)Angie Craig (Democratic)Susan Wild (Democratic)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business expensesEmployee hiringEmployment and training programsIncome tax credits