118th Congress · HOUSE BILLBILL

H.R. 6818 — BEST Act

“To amend the Internal Revenue Code of 1986 to provide employers a credit against employment and income taxes for certain employee training expenses.”

Taxation

Introduced Dec 14, 2023

Last action Dec 14, 2023

Pipeline · Bill → Law

Step 1

Introduced

Dec 14, 2023

Step 2

Referred

Dec 14, 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 a new tax credit against employment taxes for 30% of qualified workforce training expenses paid by an employer. The bill defines qualified workforce training expenses as amounts paid by an employer to provide entry-level employees without a bachelor's degree with skills training recognized by governmental and private organizations.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Dec 14, 2023

Introduced in House

Dec 14, 2023

Referred to the House Committee on Ways and Means.