Investing in Tomorrow’s Workforce Act of 2019

United States116th CongressHR-654House of Representatives
Updated: Jan 17, 2019

Summary

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.

Bill texts

Available versions
Introduced (House)View official text

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Timeline

Latest companion bill action

S-2659: Investing in Tomorrow's Workforce Act of 2019

Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (text: CR S5968-5970)

  1. Introduced in House

  2. Referred to the House Committee on Ways and Means.

    House of Representatives

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