USA Workforce Tax Credit Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Mar 13, 2019)
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.
What just happenedMar 13, 2019
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseMar 13, 2019
- Mar 13, 2019IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Mar 13, 2019IntroReferralIntro-H
Introduced in House
- Mar 13, 2019IntroReferral1000
Introduced in House