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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 investing in job training programs for their employees. The goal is to encourage companies to actively participate in educating future workforces and upskilling current employees, 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, technical schools, and higher education institutions to develop curriculum, provide instruction, or offer internships.
Employers can also get a tax credit of up to $5,000 per employee for expenses related to qualified job training programs, including apprenticeships.
If an employee for whom a training credit was claimed is terminated before two years, the employer may have to repay a portion of the credit, encouraging long-term employment.
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Additional Information
Print number: 118_HR_4685
Sponsor: Rep. Kuster, Ann M. [D-NH-2]
Process start date: 2023-07-17
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Workforce Development Investment Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_4685.

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 2023-07-17.

What are the main provisions?

Key points include:

  • Businesses can receive a tax credit of up to $5,000 for partnering with colleges, technical schools, and higher education institutions to develop curriculum, provide instruction, or offer internships.
  • Employers can also get a tax credit of up to $5,000 per employee for expenses related to qualified job training programs, including apprenticeships.
  • If an employee for whom a training credit was claimed is terminated before two years, the employer may have to repay a portion of the credit, encouraging long-term employment.
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 2025-12-25.

CATEGORIES

Taxes Labor Education