“To amend the Internal Revenue Code of 1986 to establish a credit for certain employers of qualifying career and technical education students.”
No CRS summary available for this bill.
This section establishes a new general business tax credit under IRC §45U (career and technical education credit), effective for taxable years beginning after December 31, 2025, available to small business concerns (as defined in the Small Business Act). The credit equals the sum of (1) 50% of qualified wages paid to qualified employees during the taxable year and (2) qualified workers' compensation expenses (i.e., insurance premiums covering claims for such employees under U.S., state, D.C., or Puerto Rico workers' compensation laws), capped at $10,000 per taxpayer per year (aggregating related parties under IRC §§52 or 414). A qualified employee is one who either (1) has not attained age 21 by year-end or (2) is participating in a registered apprenticeship program or enrolled in a community college associate's degree program or career/vocational training program (including high school career and technical education) related to the employer's trade or business.