Proposal:Career Advancement through New Skills Act

This proposal is archived and closed to further debate. It was introduced in the 116th Congress, which has concluded, and the bill was not enacted into law.

Bill	HR 3037
Type of Legislation	House Bill
Congress	116
Source	View original on Congress.gov

Geographic Scope

National

Description

Career Advancement through New Skills Act

This bill allows a tax credit for employers that is equal to 25% of the qualified education and training expenses paid or incurred for employees. The expenses taken into account for the credit may not exceed $5,000 with respect to any employee for any taxable year.

"Qualified education and training expenses" must be for a program specifically designed to maintain or improve skills of the employee which are necessary or useful either (1) in the employee's current position with the employer, or (2) in another position with the employer to which the employer reasonably anticipates the employee may transfer.

The credit does not apply to expenses for education or training programs that are provided by the employer or by certain family members or business partners of the employer.

Bill Title

Career Advancement through New Skills Act

Linked Goals

• Goal:Promote General Welfare

Steps

• 2019-05-28: Referred to the House Committee on Ways and Means.
• 2019-05-28: Introduced in House
• 2019-05-28: Introduced in House

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.