USA Workforce Tax Credit Act

Summary

USA Workforce Tax Credit Act This bill allows tax credits for charitable contributions to certain nonprofit organizations with the exclusive purpose of providing (1) workforce development and apprenticeship training, or (2) scholarships for elementary and secondary education expenses of students from households with income that does not exceed 200% of the median gross income. The bill limits the credits to specified amounts for individuals and corporations. It also (1) imposes a tax on workforce development, apprenticeship training, and scholarship granting organizations that fail to distribute a specified portion of their receipts; and (2) establishes a $2 billion annual volume cap for the tax credits allowed under this bill.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 30 June 2021

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• Introduced in House (PDF)

  Introduced in House · EN · 30 June 2021

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 30 June 2021

  Open at official source

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