Tax Credits for Companies Training Entry-Level Employees
This act introduces tax credits for employers who invest in training their entry-level employees without bachelor's degrees. The goal is to encourage businesses to enhance workforce skills, potentially leading to better career opportunities for citizens and economic growth.
Key points
Companies can receive a 30% credit for qualified training expenses for entry-level employees.
Training must lead to recognized skills or employment classifications.
The credit applies to employees without a bachelor's degree in entry-level positions.
If an employee fails to complete training or obtain qualifications, the credit must be repaid.
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