Title: Virtual Apprenticeship Tax Credit Act of 2019
Policy area: Taxation

Summary:
Virtual Apprenticeship Tax Credit Act of 2019
This bill allows employers a business-related tax credit for 30% of the qualified virtual training expenses paid during a taxable year, up to a maximum amount of $2,500. The bill defines "qualified virtual training expenses" as expenses related to developing or expanding an industry-recognized virtual apprenticeship program for elementary and secondary school students.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4286 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 4286

   To amend the Internal Revenue Code of 1986 to provide a credit to 
businesses for certain virtual training expenses related to elementary 
         and secondary school students, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 11, 2019

   Mr. Budd introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
   To amend the Internal Revenue Code of 1986 to provide a credit to 
businesses for certain virtual training expenses related to elementary 
         and secondary school students, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Virtual Apprenticeship Tax Credit 
Act of 2019''.

SEC. 2. CREDIT FOR VIRTUAL TRAINING EXPENSES.

    (a) In General.--Subpart D of part IV of subchapter A of chapter 1 
of the Internal Revenue Code of 1986 is amended by adding at the end 
the following new section:

``SEC. 45T. VIRTUAL TRAINING CREDIT.

    ``(a) Allowance of Credit.--For purposes of section 38, the virtual 
training credit determined under this section for the taxable year is 
an amount equal to 30 percent of the qualified virtual training 
expenses paid or incurred by the taxpayer during such taxable year.
    ``(b) Limitation.--The amount of the credit determined under 
subsection (a) with respect to any taxpayer for any taxable year shall 
not exceed $2,500.
    ``(c) Qualified Virtual Training Expenses.--For purposes of this 
section, the term `qualified virtual training expenses' means expenses 
related to developing or expanding an industry-recognized virtual 
apprenticeship program for elementary and secondary school students.
    ``(d) Denial of Double Benefit.--No deduction or credit shall be 
allowed under any other provision of this chapter with respect to the 
amount of the credit determined under this section.''.
    (b) Credit Made Part of General Business Credit.--Subsection (b) of 
section 38 of the Internal Revenue Code of 1986 is amended by striking 
``plus'' at the end of paragraph (31), by striking the period at the 
end of paragraph (32) and inserting ``, plus'', and by adding at the 
end the following new paragraph:
            ``(33) the virtual training credit determined under section 
        45T.''.
    (c) Clerical Amendment.--The table of sections for subpart D of 
part IV of subchapter A of chapter 1 of such Code is amended by adding 
at the end the following new item:

``Sec. 45T. Virtual training credit.''.
    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after the date of the enactment of 
this Act.
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