Bill No. HB4287
Bill ID
1518276
State
US
Title
USA Workforce Tax Credit Act
Description
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 Type
Bill
Category
Income Eligibility, Specific Student Population, New Program, Tax Credit Vouchers
Session
117th Congress
Special Session
No Data Available
Current Status
Introduced
Status Last Updated
2021-06-30
Pending Committee
Calendar
No data available
Sponsors
Texts
Votes
No data available
Amendments
No data available
Supplements
No data available