S-1409 : Still Just a Bill


Better Education and Skills Training for America's Workforce Act - Amends the Internal Revenue Code to allow tax credits for: (1) the qualified training expenses of job trainees who have been unemployed for at least 90 days before enrolling in a training program, that are paid by U.S.-based employers; and (2) investment in a qualified job training partnership between a private business and an institution of higher education or a labor organization. Defines "qualifying training expenses" as an eligible trainee's qualified tuition costs, which may include costs for books and enrollment in a training program at an institution of higher education that may include a single course, multiple courses, or a combination of work training and study and that is reasonably necessary for employment. Terminates the credit for qualified training expenses of job trainees after December 31, 2016.

Requires the Secretary of the Treasury to establish a Qualified Job Training Partnership program to consider and award certifications for qualified investments eligible for credits to qualified job training partnerships.

Authorizes the Secretary to make grants to individuals who make an investment in a qualified job training partnership, in lieu of a tax credit.

Action Timeline

Action DateTypeTextSource
2013-07-31IntroReferralRead twice and referred to the Committee on Finance.Senate
2013-07-31IntroReferralIntroduced in SenateLibrary of Congress

Sponsor :

Robert Menendez [D] (NJ)
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Policy Area :

Taxation
Related Subjects
  • Business investment and capital
  • Employment and training programs
  • Higher education
  • Income tax credits
  • Student aid and college costs
Related Geographic Entities
Related Organizations

Related Bills

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