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Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

On-the-Job Training Tax Credit Act of 2015

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To amend the Internal Revenue Code of 1986 to provide a credit against tax for job training expenses of employers.

Actions Overview (1)

05/19/2015Introduced in House

All Actions (3)

05/21/2015Sponsor introductory remarks on measure. (CR H3544)
Action By: House of Representatives
05/19/2015Referred to the House Committee on Ways and Means.
Action By: House of Representatives
05/19/2015Introduced in House
Action By: House of Representatives

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Ways and Means05/19/2015 Referred to

No related bill information was received for H.R.2431.

Subjects (3)

Latest Summary (1)

There is one summary for H.R.2431. View summaries

Shown Here:
Introduced in House (05/19/2015)

On-the-Job Training Tax Credit Act of 2015

Amends the Internal Revenue Code to allow employers who employ not more than 500 full-time employees during the taxable year an on-the-job training tax credit equal to the lesser of: 50% of the job training program expenditures for a full-time employee participating in a qualified training program, or $5,000.

Defines "qualified training program" as a written plan of study and training that is either: (1) an apprenticeship program registered and certified with the Department of Labor under the National Apprenticeship Act; (2) a program licensed, registered, or certified by the workforce investment board or apprenticeship agency or council of a state or administered in compliance with state apprenticeship laws; (3) a program conducted by a vocational or technical education school, community college, industrial or trade training organization, or labor organization; (4) a program which conforms to apprentice training programs developed or administered by an employer trade group or committee; or (5) an industry-sponsored or -administered program which is clearly identified and commonly recognized.

Terminates such credit after 2017.