Investing in Tomorrow's Workforce Act of 2018

Summary

Investing in Tomorrow's Workforce Act of 2018 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.

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Timeline

1. 31 August 2018

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 31 August 2018

   Introduced

   Introduced in House

   Source: IntroReferral

3. 31 August 2018

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 31 August 2018 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 31 August 2018

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 31 August 2018

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 31 August 2018

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Brown, Anthony G. [D-MD-4] · D · Sponsor
• Rep. Jackson Lee, Sheila [D-TX-18] · D · Sponsor
• Rep. Wild, Susan [D-PA-7] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → Investing in Tomorrow’s Workforce Act of 2019