Bill Sponsor
House Bill 5516
115th Congress(2017-2018)
Investing in American Workers Act
Introduced
Introduced
Introduced in House on Apr 13, 2018
Overview
Text
Introduced
Apr 13, 2018
Latest Action
Apr 16, 2018
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
5516
Congress
115
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
Sponsorship by Party
Democrat
Illinois
Democrat
California
Democrat
California
Democrat
California
Democrat
New Hampshire
Democrat
New York
Democrat
Washington
House Votes (0)
Senate Votes (0)
No House votes have been held for this bill.
Summary

Investing in American Workers Act

This bill amends the Internal Revenue Code to allow a business-related tax credit for employers who increase worker training expenditures.

The credit is equal to 20% of the excess of: (1) the qualified training expenditures for the year, over (2) the average of the qualified training expenditures for the three previous years. If the employer had no qualified training expenditures in any one of the three previous years, the credit is equal to 10% of the expenditures for the year.

The credit applies to expenditures for the training of non-highly compensated employees (annual compensation does not exceed $82,000). The training must result in the attainment of a recognized postsecondary credential and be provided through:

  • an apprenticeship program in an emerging industry;
  • a program of training services that is included on a list of eligible training providers that states are required to maintain under the Workforce Innovation and Opportunity Act;
  • a program which is conducted by an area career and technical education school, a community college, or a labor organization; or
  • a program which is sponsored and administered by an employer, industry trade association, industry or sector partnership, or labor organization.

Certain small businesses and tax-exempt organizations may apply the credit against payroll taxes, subject to specified limits and requirements. Eligible small businesses may also apply the credit against the alternative minimum tax.

Text (1)
April 13, 2018
Actions (3)
04/16/2018
Sponsor introductory remarks on measure. (CR H3330)
04/13/2018
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
04/13/2018
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:39:51 PM