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- S.1422
S.1422: Investing in American Workers Act
About This Bill
- Introduced April 28, 2021
- Latest Major Action March 22, 2022
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in Senate - April 28, 2021
Bill Summary
Investing in American Workers Act This bill allows a business-related tax credit for employers who increase worker training expenditures. The credit is equal to 20% of the excess of (1) the qualified training expenditures for the year, over (2) the average of the adjusted qualified training expenditures for the three previous years. If the employer had no qualified training expenditures in any one of the three previous years, the credit is...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
March 22, 2022 |
Committee on Banking, Housing, and Urban Affairs. Hearings held.
|
April 28, 2021 |
Read twice and referred to the Committee on Finance.
|
April 28, 2021 |
Introduced in the Senate by Mark Warner (D-Va.) |