On-the-Job Training Tax Credit Act of 2017

Summary

On-the-Job Training Tax Credit Act of 201 7 This bill amends the Internal Revenue Code to allow employers who employ an average of not more than 500 full-time employees during the taxable year an on-the-job 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 a written plan of study and training that is either: (1) an apprenticeship program registered and certified with the Department of Labor under the National Apprenticeship Act; (2) a program licensed, registered, or certified by the workforce investment board or apprenticeship agency or council of a state or administered in compliance with state apprenticeship laws; (3) a program conducted by a vocational or technical education school, community college, industrial or trade training organization, or labor organization; (4) a program that conforms to apprentice training programs developed or administered by an employer trade group or committee; or (5) an industry-sponsored or -administered program that is clearly identified and commonly recognized. The bill terminates such credit after 2019.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 12 July 2017

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• Introduced in House (PDF)

  Introduced in House · EN · 12 July 2017

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• Introduced in House

  summary · EN · 12 July 2017

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