,i  #aac? ,,congress  #b;d ,session  ,h4
 ,r4 #dbjd  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,m>* #aa1 #bjad ,mr4  
,maffei introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,ways & ,means
  ,a ,,bill  ,to am5d ! ,int]nal ,rev5ue
 ,code ( #aihf to provide a cr$it aga9/ 
tax = job tra9+ exp5ses ( employ]s4  #a4
 ,%ort title ,?is ,act may be cit$ z !  
,jobs & ,opportunity ,bonus ,tax ,cr$it 
,act ( #bjad or ! ,,job ,tax ,cr$it     
,act4  #b4 ,jobs & opportunity bonus    
cr$it  7a7 ,9 g5]al ,subp>t ,d ( "p ,,iv
 ( sub*apt] ,a ( *apt] #a ( ! ,int]nal  
,rev5ue ,code ( #aihf is am5d$ by add+  
at ! end ! foll[+ new section3  #de,s4  
,jobs & opportunity bonus cr$it  7a7 ,9 
g5]al ,= purposes ( section #ch1 9 !    
case ( an eligible employ]1 ! jobs &    
opportunity bonus cr$it det]m9$ "u ?is  
section ) respect to any eligible       
employee ( ! employ] is an am\nt equal  
to ! less] (--  7#a7 #ej p]c5t ( ! job  
tra9+ program exp5ditures ( ! taxpay] ) 
respect to su* employee dur+ ! taxable  

ye>1 or  7#b7 #e1jjj4  7b7 ,eligible    
employ] ,= purposes ( ?is section1 ! t]m
 eligible employ] means an employ] :i*  
employ$ an av]age ( n m ?an #ejj full-"t
 employees dur+ ! taxable ye>4  7c7 ,job
 tra9+ program exp5ses ,= purposes ( ?is
 section--  7#a7 ,9 g5]al ,! t]m job    
tra9+ program exp5ses means am\nts paid 
or incurr$ by ! employ] = exp5ses       
incurr$ by or on behalf ( an eligible   
employee = p>ticipation 9 a qualifi$    
tra9+ program4  7#b7 ,qualifi$ tra9+    
program ,= purposes ( ?is subsection1 ! 
t]m qualifi$ tra9+ program means any ( !
 foll[+ writt5 plans ( /udy & tra9+3    
7,a7 ,an appr5tice%ip program regi/]$ & 
c]tifi$ ) ! ,secret>y ( ,labor "u       
section #a ( ! ,national ,appr5tice%ip  
,act 7#bi ,u4,s4,c4 #ej74  7,b7 ,a      
program lic5s$1 regi/]$1 or c]tifi$ by !
 work=ce inve/m5t bo>d or appr5tice%ip  
ag5cy or c\ncil ( a ,/ate or adm9i/]$ 9 
compliance ) appr5tice%ip laws ( a      
,/ate4  7,c7 ,a program conduct$ by a   
vocational or te*nical education s*ool1 

community college1 indu/rial or trade   
tra9+ organization1 or labor            
organization4  7,d7 ,a program :i*      
con=ms to appr5tice tra9+ programs      
develop$ or adm9i/]$ by an employ] trade
 gr\p or committee4  7,e7 ,an indu/ry   
sponsor$ or adm9i/]$ program :i* is     
cle>ly id5tifi$ & commonly recogniz$4   
7d7 ,eligible employee ,= purposes ( ?is
 section1 ! t]m eligible employee means 
any employee ( ! employ]1 :o :ile       
p>ticipat+ 9 ! job skills tra9+ program 
is employ$ on av]age at lea/ #dj h\rs ( 
s]vice p] week4  7e7 ,recapture ( cr$it 
= employee n p]=m+ m9imum s]vice  7#a7  
,9 g5]al ,9 ! case ( any employee )     
respect to :om a cr$it is all[$ "u ?is  
section & ^: employm5t is t]m9at$ by !  
employ] 7o!r ?an by reason ( su*        
employee's gross misconduct7 be=e ! end 
( ! #b-ye> p]iod beg9n+ on ! fir/ day ( 
! employee's /udy or tra9+ ) respect to 
:i* a cr$it is all[$ "u ?is section1 !  
tax ( ! taxpay] "u ?is *apt] = ! taxable
 ye> dur+ :i* su* t]m9ation occurs %all 

be increas$ by an am\nt equal to--  7,a7
 ! aggregate decrease 9 ! cr$its all[$  
"u section #ch = all prior taxable ye>s 
:i* w\ld h result$ if ! job tra9+       
program exp5ses ) respect to su*        
employee _h be5 z]o1 multipli$ by  7,b7 
! inclusion ratio4  7#b7 ,inclusion     
ratio ,= purposes ( ?is subsection1 !   
inclusion ratio is ! ratio :i*--  7,a7  
an am\nt equal to ! diff]5ce (--  7i7 ! 
numb] ( days 9 ! #b-ye> p]iod1 ov]  7ii7
 ! numb] ( days su* employee 0 employ$  
by ! employ] dur+ su* #b-ye> p]iod1 be>s
 to  7,b7 ! numb] ( days 9 ! #b-ye>     
p]iod4  7f7 ,controll$ gr\ps ,= purposes
 ( ?is section1 all p]sons treat$ z a   
s+le employ] "u subsection 7b71 7c71    
7m71 or 7o7 ( section #dad %all be      
treat$ z a s+le employ]4  7g7 ,t]m9ation
 ,! section %all n apply am\nts paid or 
incurr$ dur+ taxable ye>s beg9n+ aft]   
,decemb] #ca1 #bjag4  4  7b7 ,cr$it ,to 
be "p ( g5]al bus9ess cr$it ,subsection 
7b7 ( section #ch ( su* ,code is am5d$  
by /rik+ plus at ! end ( p>agraph 7#ce71

 by /rik+ ! p]iod at ! end ( p>agraph   
7#cf7 & ins]t+ 1 plus1 & by add+ at !   
end ! foll[+ new p>agraph3  7#cg7 ! jobs
 & opportunity bonus cr$it det]m9$ "u   
section #de,s7a74  4  7c7 ,cl]ical      
am5dm5t ,! table ( sections = subp>t ,d 
( "p ,,iv ( sub*apt] ,a ( *apt] #a ( su*
 ,code is am5d$ by add+ at ! end !      
foll[+ new item3  ,sec4 #de,s4 ,jobs &  
opportunity bonus cr$it4  4  7d7        
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjad4