US SB1352 | 2017-2018 | 115th Congress
Status
Spectrum: Moderate Partisan Bill (Democrat 6-1)
Status: Introduced on June 14 2017 - 25% progression, died in committee
Action: 2017-06-14 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3489-3490)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 14 2017 - 25% progression, died in committee
Action: 2017-06-14 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3489-3490)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Apprenticeship and Jobs Training Act of 2017 This bill amends the Internal Revenue Code to allow employers a business-related tax credit for up to $5,000 for the training of a qualified individual in a qualified apprenticeship program or multi-employer apprenticeship program. A "qualified individual" is an individual who: (1) is an apprentice participating in a qualified apprenticeship program or multi-employer apprenticeship program, (2) has been employed in either program for a period of at least seven months that ends within the taxable year, and (3) is not a highly compensated employee or a seasonal worker. A "qualified apprenticeship program" is a program that: (1) provides qualified individuals with on-the-job training and instruction for a qualified occupation (i.e., a skilled trade occupation in a high-demand mechanical, technical, health care, or technology field); (2) is registered with the Office of Apprenticeship of the Department of Labor or a state apprenticeship agency recognized by the office; and (3) maintains records relating to the qualified individual. A "qualified multi-employer apprenticeship program" is a program in which multiple employers are required to contribute and that is maintained pursuant to one or more collective bargaining agreements. The bill also allows certain distributions, without penalty, from retirement and pension plans to an employee who is serving as a mentor. A "mentor" is a working individual who: (1) has attained age 55; (2) works reduced hours and engages in mentoring activities for at least 20% of such hours; and (3) is responsible for the training and education of employees or students in an area of expertise for which such individual has a professional credential, certificate, or degree.
Title
Apprenticeship and Jobs Training Act of 2017
Sponsors
Sen. Maria Cantwell [D-WA] | Sen. Susan Collins [R-ME] | Sen. Amy Klobuchar [D-MN] | Sen. Kirsten Gillibrand [D-NY] |
Sen. Debbie Stabenow [D-MI] | Sen. Catherine Cortez Masto [D-NV] | Sen. Tim Kaine [D-VA] |
History
Date | Chamber | Action |
---|---|---|
2017-06-14 | Senate | Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S3489-3490) |
Same As/Similar To
HB3707 (Same As) 2017-09-07 - Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Subjects
Congressional oversight
Employee benefits and pensions
Employment and training programs
Government studies and investigations
Income tax credits
Income tax exclusion
Military education and training
Taxation
Wages and earnings
Employee benefits and pensions
Employment and training programs
Government studies and investigations
Income tax credits
Income tax exclusion
Military education and training
Taxation
Wages and earnings
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/senate-bill/1352/all-info |
Text | https://www.congress.gov/115/bills/s1352/BILLS-115s1352is.pdf |