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Tax Credit for Workforce Training and Apprenticeship Donations

This new act introduces tax credits for individuals and businesses that financially support organizations providing workforce training and apprenticeships. The goal is to encourage investment in skill development and increase access to training programs. Organizations receiving donations will need to meet specific requirements regarding how they spend the funds.
Key points
Individuals and businesses can receive a tax credit of up to 25% of their tax liability, with a maximum of $250,000, for donations to workforce training organizations.
The credit aims to support workforce development programs, including community colleges, training programs, technical education, and apprenticeships.
Recipient organizations must be non-profit and dedicate most funds to training, with a 10% limit on administrative expenses.
An annual cap of $2 billion is set for all awarded credits, available on a first-come, first-served basis.
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Additional Information
Print number: 118_HR_1656
Sponsor: Rep. Smucker, Lloyd [R-PA-11]
Process start date: 2023-03-17
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

USA Workforce Tax Credit Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_1656.

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 2023-03-17.

What are the main provisions?

Key points include:

  • Individuals and businesses can receive a tax credit of up to 25% of their tax liability, with a maximum of $250,000, for donations to workforce training organizations.
  • The credit aims to support workforce development programs, including community colleges, training programs, technical education, and apprenticeships.
  • Recipient organizations must be non-profit and dedicate most funds to training, with a 10% limit on administrative expenses.
  • An annual cap of $2 billion is set for all awarded credits, available on a first-come, first-served basis.
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. Smucker, Lloyd [R-PA-11].

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 2025-12-24.

CATEGORIES

Taxes Labor Education