USA Workforce Tax Credit Act
- Last Action
- 3/13/2019
Actions
- 2019-03-13Referred to the House Committee on Ways and Means.
- 2019-03-13Introduced in House
- 2019-03-13Introduced in House
CRS Summary
As of 2019-03-13 (00)
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.
Cosponsors (20)
- Alexander Mooney (R-WV)
- Elise Stefanik (R-NY)
- Ted Budd (R-NC)
- Matt Gaetz (R-FL)
- Chris Collins (R-NY)
- Debbie Lesko (R-AZ)
- David Kustoff (R-TN)
- Ken Buck (R-CO)
- Susan Wild (D-PA)
- Randy Weber (R-TX)
- Mark Meadows (R-NC)
- Kevin Hern (R-OK)
- CHRISTOPHER SMITH (R-NJ)
- Carol Miller (R-WV)
- Daniel Meuser (R-PA)
- Earl Carter (R-GA)
- Steve Watkins (R-KS)
- Neal Dunn (R-FL)
- PETER KING (R-NY)
- Paul Gosar (R-AZ)
Subjects
- Charitable contributions
- Education programs funding
- Elementary and secondary education
- Employment and training programs
- Higher education
- Income tax credits
- Sales and excise taxes
- Social work, volunteer service, charitable organizations
- Vocational and technical education
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.