118th Congress · HOUSE BILLBILL

H.R. 4685 — Workforce Development Investment Act of 2023

“To amend the Internal Revenue Code of 1986 to allow employers a credit against income tax as an incentive to partner with educational institutions to improve workforce development and job training for students and a credit against income tax for certain expenses of job training programs.”

Taxation

Introduced Jul 17, 2023

Last action Jul 17, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jul 17, 2023

Step 2

Referred

Jul 17, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill allows employers new tax credits for (1) partnering with qualified educational institutions (i.e., any community college, any other institution of higher education, and any area career and technical education school) to improve workforce development and job training for students; and (2) certain job training program expenses.

Provisions · 3 sectionsIntroduced in House

Timeline · 2 actions

Jul 17, 2023

Introduced in House

Jul 17, 2023

Referred to the House Committee on Ways and Means.