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Proposal:USA Workforce Tax Credit 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 1739
Type of Legislation House Bill
Congress 116
Source View original on Congress.gov
Geographic Scope
National

Description

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.

Bill Title

USA Workforce Tax Credit Act

Linked Goals

Steps

  • 2019-03-13: Referred to the House Committee on Ways and Means.
  • 2019-03-13: Introduced in House
  • 2019-03-13: Introduced in House

Projected Outcome

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

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