,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #dbjd  ,,in ,,the ,,house ,,of  
,,representatives  ,march #aa1 #bjad    
,mr4 ,maffei introduced the following   
bill2 which was referred to the         
,committee on ,ways and ,means  ,a      
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to provide a credit     
against tax for job training expenses of
 employers4  #a4 ,short title ,this ,act
 may be cited as the ,jobs and          
,opportunity ,bonus ,tax ,credit ,act of
 #bjad or the ,,job ,tax ,credit ,act4  
#b4 ,jobs and opportunity bonus credit  
7a7 ,in general ,subpart ,d of part ,,iv
 of subchapter ,a of chapter #a of the  
,internal ,revenue ,code of #aihf is    
amended by adding at the end the        
following new section3  #de,s4 ,jobs and
 opportunity bonus credit  7a7 ,in      
general ,for purposes of section #ch1 in
 the case of an eligible employer1 the  
jobs and opportunity bonus credit       
determined under this section with      
respect to any eligible employee of the 

employer is an amount equal to the      
lesser of--  7#a7 #ej percent of the job
 training program expenditures of the   
taxpayer with respect to such employee  
during the taxable year1 or  7#b7       
#e1jjj4  7b7 ,eligible employer ,for    
purposes of this section1 the term      
eligible employer means an employer     
which employed an average of not more   
than #ejj full-time employees during the
 taxable year4  7c7 ,job training       
program expenses ,for purposes of this  
section--  7#a7 ,in general ,the term   
job training program expenses means     
amounts paid or incurred by the employer
 for expenses incurred by or on behalf  
of an eligible employee for             
participation in a qualified training   
program4  7#b7 ,qualified training      
program ,for purposes of this           
subsection1 the term qualified training 
program means any of the following      
written plans of study and training3    
7,a7 ,an apprenticeship program         
registered and certified with the       

,secretary of ,labor under section #a of
 the ,national ,apprenticeship ,act 7#bi
 ,u4,s4,c4 #ej74  7,b7 ,a program       
licensed1 registered1 or certified by   
the workforce investment board or       
apprenticeship agency or council of a   
,state or administered in compliance    
with apprenticeship laws of a ,state4   
7,c7 ,a program conducted by a          
vocational or technical education       
school1 community college1 industrial or
 trade training organization1 or labor  
organization4  7,d7 ,a program which    
conforms to apprentice training programs
 developed or administered by an        
employer trade group or committee4  7,e7
 ,an industry sponsored or administered 
program which is clearly identified and 
commonly recognized4  7d7 ,eligible     
employee ,for purposes of this section1 
the term eligible employee means any    
employee of the employer1 who while     
participating in the job skills training
 program is employed on average at least
 #dj hours of service per week4  7e7    

,recapture of credit for employee not   
performing minimum service  7#a7 ,in    
general ,in the case of any employee    
with respect to whom a credit is allowed
 under this section and whose employment
 is terminated by the employer 7other   
than by reason of such employee's gross 
misconduct7 before the end of the       
#b-year period beginning on the first   
day of the employee's study or training 
with respect to which a credit is       
allowed under this section1 the tax of  
the taxpayer under this chapter for the 
taxable year during which such          
termination occurs shall be increased by
 an amount equal to--  7,a7 the         
aggregate decrease in the credits       
allowed under section #ch for all prior 
taxable years which would have resulted 
if the job training program expenses    
with respect to such employee had been  
zero1 multiplied by  7,b7 the inclusion 
ratio4  7#b7 ,inclusion ratio ,for      
purposes of this subsection1 the        
inclusion ratio is the ratio which--    

7,a7 an amount equal to the difference  
of--  7i7 the number of days in the     
#b-year period1 over  7ii7 the number of
 days such employee was employed by the 
employer during such #b-year period1    
bears to  7,b7 the number of days in the
 #b-year period4  7f7 ,controlled groups
 ,for purposes of this section1 all     
persons treated as a single employer    
under subsection 7b71 7c71 7m71 or 7o7  
of section #dad shall be treated as a   
single employer4  7g7 ,termination ,the 
section shall not apply amounts paid or 
incurred during taxable years beginning 
after ,december #ca1 #bjag4  4  7b7     
,credit ,to be part of general business 
credit ,subsection 7b7 of section #ch of
 such ,code is amended by striking plus 
at the end of paragraph 7#ce71 by       
striking the period at the end of       
paragraph 7#cf7 and inserting 1 plus1   
and by adding at the end the following  
new paragraph3  7#cg7 the jobs and      
opportunity bonus credit determined     
under section #de,s7a74  4  7c7         

,clerical amendment ,the table of       
sections for subpart ,d of part ,,iv of 
subchapter ,a of chapter #a of such     
,code is amended by adding at the end   
the following new item3  ,sec4 #de,s4   
,jobs and opportunity bonus credit4  4  
7d7 ,effective date ,the amendments made
 by this section shall apply to taxable 
years beginning after ,december #ca1    
#bjad4