Human Investment Tax Incentive Act

Summary

Human Investment Tax Incentive Act - Allows a tax credit, under the Internal Revenue Code, in an amount equal to 20 percent of employee training expenses. Limits such credit to an amount not to exceed so much of the liability for tax as does not exceed $50,000 plus 50 percent of so much of the liability for tax as exceeds $50,000. Defines "employee training expenses" as the wages and salaries of employees enrolled in an apprenticeship program or a cooperative education program or the tuition and course fees paid by the taxpayer for improving the job-related skills of an employee.

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1 official file

• Introduced in House

  summary · EN · 22 March 1978

  Open at official source

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