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Better Education and Skills Training for America’s Workforce Act

USA116th CongressS-2676| Senate 
| Updated: 10/23/2019
Robert Menendez

Robert Menendez

Democratic Senator

New Jersey

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Better Education and Skills Training for America's Workforce Act This bill amends the Internal Revenue Code to allow tax credits for (1) qualified training expenses paid with respect to U.S.-based positions for job trainees who have been unemployed for at least 90 days before enrolling in a training program and have not been employed by the taxpayer during the two-year period before the trainee was hired, and (2) investment in a qualified job training partnership between a private business and an institution of higher education or a labor organization. The bill defines "qualified training expenses" as an eligible trainee's qualified tuition costs, which may include costs for books and enrollment in a training program at an institution of higher education that may include a single course, multiple courses, or a combination of work training and study and that is reasonably necessary for employment with the taxpayer. It terminates the credit for qualified training expenses of job trainees after December 31, 2030. The bill also (1) requires the Department of the Treasury to establish a Qualified Job Training Partnership program to consider and award certifications for qualified investments eligible for credits to qualified job training partnerships, and (2) authorizes Treasury to make grants to individuals who make an investment in a qualified job training partnership, in lieu of a tax credit.
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Timeline
Oct 23, 2019

Latest Companion Bill Action

HR 116-4848
Introduced in House
Oct 23, 2019
Introduced in Senate
Oct 23, 2019
Read twice and referred to the Committee on Finance.
  • October 23, 2019

    Latest Companion Bill Action

    HR 116-4848
    Introduced in House


  • October 23, 2019
    Introduced in Senate


  • October 23, 2019
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 116-4848: Better Education and Skills Training for America’s Workforce Act
Business investment and capitalEmployment and training programsHigher educationIncome tax creditsLabor-management relationsStudent aid and college costs

Better Education and Skills Training for America’s Workforce Act

USA116th CongressS-2676| Senate 
| Updated: 10/23/2019
Better Education and Skills Training for America's Workforce Act This bill amends the Internal Revenue Code to allow tax credits for (1) qualified training expenses paid with respect to U.S.-based positions for job trainees who have been unemployed for at least 90 days before enrolling in a training program and have not been employed by the taxpayer during the two-year period before the trainee was hired, and (2) investment in a qualified job training partnership between a private business and an institution of higher education or a labor organization. The bill defines "qualified training expenses" as an eligible trainee's qualified tuition costs, which may include costs for books and enrollment in a training program at an institution of higher education that may include a single course, multiple courses, or a combination of work training and study and that is reasonably necessary for employment with the taxpayer. It terminates the credit for qualified training expenses of job trainees after December 31, 2030. The bill also (1) requires the Department of the Treasury to establish a Qualified Job Training Partnership program to consider and award certifications for qualified investments eligible for credits to qualified job training partnerships, and (2) authorizes Treasury to make grants to individuals who make an investment in a qualified job training partnership, in lieu of a tax credit.
View Full Text

Suggested Questions

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

Timeline
Oct 23, 2019

Latest Companion Bill Action

HR 116-4848
Introduced in House
Oct 23, 2019
Introduced in Senate
Oct 23, 2019
Read twice and referred to the Committee on Finance.
  • October 23, 2019

    Latest Companion Bill Action

    HR 116-4848
    Introduced in House


  • October 23, 2019
    Introduced in Senate


  • October 23, 2019
    Read twice and referred to the Committee on Finance.
Robert Menendez

Robert Menendez

Democratic Senator

New Jersey

Finance Committee

Taxation

Related Bills

  • HR 116-4848: Better Education and Skills Training for America’s Workforce Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business investment and capitalEmployment and training programsHigher educationIncome tax creditsLabor-management relationsStudent aid and college costs