,i #aae? ,,congress #a/ ,session ,h4 ,r4 #aaij ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,febru>y #af1 #bjag,ms4 ,sewell ( ,alabama 7= h]self1 ,mr4 ,byrne1 ,mr4 ,ryan ( ,ohio1 ,ms4 ,%ea-,port]1 ,ms4 ,jackson ,lee1 ,ms4 ,e/y1 ,mr4 ,meeks1 ,mr4 ,k9d1 ,ms4 ,kelly ( ,ill9ois1 ,mr4 ,nolan1 & ,mr4 ,kilm]7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to all[ employ]s a cr$it aga9/ income tax = wages paid to employees :o p>ticipate 9 qualifi$ appr5tice%ip programs4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,work=ce ,developm5t ,tax ,cr$it ,act ( #bjag4 #b4 ,cr$it = wages paid to employees p>ticipat+ 9 qualifi$ appr5tice%ip programs 7a7 ,9 g5]al ,subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf 7relat+ to bus9ess-relat$ cr$its7 is am5d$ by add+ at ! end ! foll[+ new section3 #de,s4 ,wages paid to employees p>ticipat+ 9 qualifi$ appr5tice%ip programs 7a7 ,9 g5]al ,= purposes ( section #ch1 ! appr5tice%ip cr$it det]m9$ "u ?is section = ! taxable ye> is ! sum (-- 7#a7 ! appr5tice%ip p]iod cr$it1 & 7#b7 ! po/-appr5tice%ip cr$it4 7b7 ,appr5tice%ip p]iod cr$it ,= purposes ( subsection 7a7-- 7#a7 ,9 g5]al ,! appr5tice%ip p]iod cr$it = ! taxable ye> is #ej p]c5t ( ! wages paid = s]vices r5d]$ dur+ ! taxable ye> to ea* appr5tice%ip employee b only if su* wages are paid = s]vices r5d]$ dur+ a qualifi$ tra9+ ye> ( su* employee 7:e!r or n su* employee is an employee ( ! taxpay] z ( ! close ( su* taxable ye>74 7#b7 ,limitation on wages p] ye> tak5 into acc\nt ,! am\nt ( wages :i* may be tak5 into acc\nt "u p>agraph 7#a7 ) respect to any appr5tice%ip employee = ea* qualifi$ tra9+ ye> %all n exce$ #b1jjj4 7c7 ,po/-,appr5tice%ip cr$it ,= purposes ( subsection 7a7-- 7#a7 ,9 g5]al ,! po/-appr5tice%ip cr$it = ! taxable ye> is #dj p]c5t ( ! wages paid = s]vices r5d]$ dur+ ! taxable ye> to ea* employee :o has successfully complet$ a qualifi$ tra9+ program ( ! employ]1 b only if-- 7,a7 su* wages are paid by su* employ] = s]vices r5d]$-- 7i7 dur+ ! #b-ye> p]iod :i* beg9s on ! day aft] ! employee's completion ( su* program1 & 7ii7 dur+ ! qualifi$ employm5t p]iod ( su* employee1 & 7,b7 ! employee is p]=m+ su* s]vices 9 a position :i* utilizes skills acquir$ 9 ! qualifi$ tra9+ program4 7#b7 ,limitation on wages tak5 into acc\nt ,! am\nt ( wages :i* may be tak5 into acc\nt "u p>agraph 7#a7 ) respect to any appr5tice%ip employee %all n exce$ #f1jjj4 7#c7 ,recapture = failure ( employee to s]ve at lea/ #a ye> aft] completion ( appr5tice%ip ,! ,secret>y %all1 by regulations1 provide = recaptur+ ! am\nt ( any po/-appr5tice%ip cr$it all[$ "u subsection 7a7 ) respect to any individual :o is employ$ by ! employ] = less ?an #a ye> aft] ! individual complet$ su* program4 7d7 ,def9itions ,= purposes ( ?is section-- 7#a7 ,wages ,! t]m wages has ! mean+ giv5 to su* t]m by section #ea7;c71 det]m9$ )\t reg>d to p>agraph 7#d7 !re(4 7#b7 ,appr5tice%ip employee ,! t]m appr5tice%ip employee means any employee :o is employ$ by ! employ] pursuant to an appr5tice agreem5t regi/]$ )-- 7,a7 ! ,(fice ( ,appr5tice%ip ( ! ,employm5t & ,tra9+ ,adm9i/ration ( ! ,dep>tm5t ( ,labor1 or 7,b7 a recogniz$ ,/ate appr5tice%ip ag5cy1 z det]m9$ by ! ,(fice ( ,appr5tice%ip ( ! ,employm5t & ,tra9+ ,adm9i/ration ( ! ,dep>tm5t ( ,labor4 7#c7 ,qualifi$ tra9+ ye> 7,a7 ,9 g5]al ,! t]m qualifi$ tra9+ ye> means ea* ye> dur+ ! tra9+ p]iod 9 :i*-- 7i7 ! employee is employ$ by ! employ] = at lea/ #be h\rs p] week dur+ #bh consecutive weeks ( su* ye>1 & 7ii7 ! employee completes at lea/ #h cr$it h\rs ( classroom "w "u a qualifi$ tra9+ program = ea* seme/] ( su* program end+ dur+ su* ye>4 7,b7 ,qualifi$ tra9+ program ,! t]m qualifi$ tra9+ program means any tra9+ program und]tak5 pursuant to ! agreem5t ref]r$ to 9 p>agraph 7#b74 7,c7 ,tra9+ p]iod ,! t]m tra9+ p]iod means1 ) respect to an employee1 ! p]iod-- 7i7 beg9n+ on ! date t ! employee beg9s employm5t ) ! taxpay] z an appr5tice "u a qualifi$ tra9+ program1 & 7ii7 end+ on ! e>li] (-- 7,i7 ! date t su* appr5tice%ip ) ! employ] ends1 or 7,,ii7 ! date :i* is #b ye>s aft] ! date ref]r$ to 9 clause 7i74 7#d7 ,qualifi$ employm5t p]iod ,! t]m qualifi$ employm5t p]iod means ! p]iod-- 7,a7 beg9n+ on ! date t ! employee beg9s employm5t ) ! taxpay] aft] ! employee's completion ( a qualifi$ tra9+ program ( ! taxpay]1 & 7,b7 end+ on ! e>li] (-- 7i7 ! date t su* employm5t ends1 or 7ii7 ! date :i* is #a ye> aft] ! date ref]r$ to 9 subp>agraph 7,a74 7e7 ,coord9ation ) o!r cr$its ,! am\nt ( cr$it o!rwise all[able "u sections #de;,a1 #ea7;a71 & #acif7;a7 ) respect to any employee %all be r$uc$ by ! cr$it all[$ by ?is section ) respect to su* employee4 7f7 ,c]ta9 rules ,to apply ,rules simil> to ! rules ( subsections 7i77#a7 & 7k7 ( section #ea %all apply = purposes ( ?is section4 4 7b7 ,cr$it made "p ( g5]al bus9ess cr$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 ! appr5tice%ip cr$it det]m9$ "u section #de,s7a74 4 7c7 ,d5ial ( d\ble b5efit ,subsection 7a7 ( section #bhj;,c ( su* ,code is am5d$ by ins]t+ #de,s7a71 aft] #de,p7a714 7d7 ,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 ,wages paid to employees p>ticipat+ 9 qualifi$ appr5tice%ip programs44 7e7 ,effective date ,! am5dm5ts made by ?is section %all apply to individuals comm5c+ appr5tice%ip programs aft] ! date ( ! enactm5t ( ?is ,act4