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Tax Credits for Employers Investing in Workforce Development and Training.

This act introduces new tax credits for employers who partner with educational institutions to enhance student workforce development and for those covering job training program expenses for their employees. The goal is to encourage businesses to invest in education and skill-building, potentially leading to better job opportunities and higher incomes for citizens.
Key points
Businesses can receive a tax credit of up to $5,000 for partnering with colleges or vocational schools to develop student training programs.
Employers can deduct up to 50% of job training program expenses for their employees, with a maximum of $5,000 per employee, provided the employee works at least 40 hours per week.
The training credit may be partially recaptured if an employee leaves employment before two years from the start of the program, unless due to gross misconduct.
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Additional Information
Print number: 117_HR_6778
Sponsor: Rep. Kuster, Ann M. [D-NH-2]
Process start date: 2022-02-18
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Workforce Development Investment Act of 2022

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_6778.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-02-18.

What are the main provisions?

Key points include:

  • Businesses can receive a tax credit of up to $5,000 for partnering with colleges or vocational schools to develop student training programs.
  • Employers can deduct up to 50% of job training program expenses for their employees, with a maximum of $5,000 per employee, provided the employee works at least 40 hours per week.
  • The training credit may be partially recaptured if an employee leaves employment before two years from the start of the program, unless due to gross misconduct.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Kuster, Ann M. [D-NH-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Taxes Labor Education