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Bipartisan Bill Would Give Small Businesses a Tax Credit for Employee Training

October 24, 2017

A bipartisan group of congressmen has filed legislation to encourage employers to invest more in training and educating their employees.

The legislation would create a tax credit for 25 percent of the first $5,000, or up o $1,250, that an employer spends on qualified education and training expenses for an employee.

Representatives Randy Hultgren (R-Ill.), Mike Thompson (D-Calif.), Bradley Byrne (R-Ala.) and Derek Kilmer (D-Was.) introduced the Career Advancement Through New Skills Act, which they hope will incentivize employers to provide employees with the necessary training needed to close the skill gap that exists between employers’ needs and employees in many industries.

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