Investing in American Workers Act
Latest action · Nov 8, 2019 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, 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.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedNov 8, 2019
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Investing in American Workers Act
This bill allows 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 taxable year, over (2) the average of the adjusted qualified training expenditures for the three previous taxable 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 adjusted qualified training 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;
- 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 that is conducted by an area career and technical education school, a community college, or a labor organization; or
- a program that 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.
Cosponsors 9
Members who signed on, in the order they did. Signatures ran from Nov 8, 2019 to Jan 24, 2020, with 8 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Adam B. Schiff | Original | Nov 8, 2019 |
| D-CA | Ami Bera | Original | Nov 8, 2019 |
| D-NH | Ann M. Kuster | Original | Nov 8, 2019 |
| D-IA | Cynthia Axne | Original | Nov 8, 2019 |
| D-FL | Darren Soto | Original | Nov 8, 2019 |
| D-MI | Debbie Dingell | Original | Nov 8, 2019 |
| D-PA | Susan Wild | Original | Nov 8, 2019 |
| D-WA | Suzan K. DelBene | Original | Nov 8, 2019 |
| D-WA | Derek Kilmer | Jan 24, 2020 |
Actions 2
Everything that happened, newest first.
- Nov 8, 2019Introduced in House
- Nov 8, 2019Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, 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.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 538 | Investing in American Workers Act | Related bill | Feb 25, 2019 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Nov 8, 2019Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.