,,ii  #aafth ,,congress  #b;d ,session  
,s4 #cggi  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #bj1      
#bjbj,ms4 ,klobuchar 7for herself1 ,mr4 
,sasse1 ,mr4 ,booker1 and ,mr4 ,scott of
 ,south ,carolina7 introduced the       
following bill2 which was read twice and
 referred to the ,committee on ,finance 
,a ,,bill  ,to amend the ,internal      
,revenue ,code of #aihf to establish a  
tax credit for training services        
received by individuals who are         
unemployed as a result of the           
coronavirus pandemic4  #a4 ,short title 
,this ,act may be cited as the ,skills  
,renewal ,act4  #b4 ,establishment of   
,skills ,training ,credit  7a7 ,in      
general ,subpart ,c of part ,,iv of     
subchapter ,a of chapter #a of the      
,internal ,revenue ,code of #aihf is    
amended by inserting after section #cf  
the following new section3  #cf;,a4     
,skills ,training ,credit  7a7          
,allowance of credit ,in the case of an 
eligible individual1 there shall be     

allowed as a credit against the tax     
imposed by this subtitle for the taxable
 year an amount equal to the lesser of--
 7#a7 the amount of expenses paid or    
incurred by such individual during such 
taxable year for qualified training     
services which are provided by a        
qualified entity1 or  7#b7 an amount    
equal to-- 7,a7 #d1jjj1 minus  7,b7 an  
amount equal to the sum of any credits  
allowed to the taxpayer under this      
section for any preceding taxable year4 
7b7 ,definitions ,for purposes of this  
section-- 7#a7 ,eligible individual     
7,a7 ,in general ,the term eligible     
individual means an individual who-- 7i7
 became unemployed or furloughed during 
calendar year #bjbj but was otherwise   
able to work and available for work     
within the meaning of applicable ,state 
law 7as defined in section #bje of the  
,federal-,state ,extended ,unemployment 
,compensation ,act of #aigj 7#bf        
,u4,s4,c4 #ccjd note771  7ii7 during the
 period in which any qualified training 

service is provided to such individual  
by a qualified entity-- 7,i7 is not     
employed and has applied for or is      
receiving compensation 7as defined in   
section #ccjf7;h771 including pandemic  
emergency unemployment compensation     
under section #bajg of subtitle ,a of   
title ,,ii of division ,a of the ,,cares
 ,act1 and  7,,ii7 informs such entity  
of their intent to claim the credit     
allowed under subsection 7a7 with       
respect to such service4  7,b7          
,exclusion ,for purposes of subparagraph
 7,a71 the term eligible individual     
shall not include an individual whose   
employer has reduced their hours of work
 and who receives compensation pursuant 
to a short-time compensation program 7as
 defined in section #ccjf7v774  7#b7    
,qualified entity ,the term qualified   
entity means an entity that is-- 7,a7 a 
provider included on a ,state list      
described in section #abb7;d7 of the    
,workforce ,innovation and ,opportunity 
,act 7#bi ,u4,s4,c4 #caeb7;d772 or  7,b7

 a provider of qualified training       
services that has been precertified by  
the ,secretary of ,labor under section  
#c of the ,skills ,renewal ,act4  7#c7  
,qualified training service ,the term   
qualified training service means a      
course or program of study that-- 7,a7  
is included on a list described in      
section #abb7;d7 of the ,workforce      
,innovation and ,opportunity ,act 7#bi  
,u4,s4,c4 #caeb7;d77 for a ,state1 or   
7,b7 is a course or program of study    
relating to computer science1           
technology1 or another high-need area1  
such as a coding boot camp1 that has    
been precertified by the ,secretary of  
,labor under section #c of the ,skills  
,renewal ,act4  7c7 ,coordination with  
,american ,opportunity and ,lifetime    
,learning credits ,for purposes of      
subsection 7a77#a71 the amount of       
expenses paid or incurred by an eligible
 individual during such taxable year for
 qualified training services shall be   
reduced-- 7#a7 as provided in section   

#be;,a7g77#b71 and  7#b7 by the amount  
of such expenses which were taken into  
account in determining the credit       
allowed to the taxpayer or any other    
person under section #be;,a4  7d7       
,regulations ,the ,secretary shall      
prescribe such regulations as may be    
necessary to carry out the provisions of
 this section4  7e7 ,termination ,this  
section shall not apply to expenses paid
 or incurred during taxable years       
beginning after ,december #ca1 #bjba4  4
  7b7 ,information reporting relating to
 qualified training services ,subpart ,b
 of part ,,iii of subchapter ,a of      
chapter #fa of the ,internal ,revenue   
,code of #aihf is amended by adding at  
the end the following new section3      
#fjej,z4 ,returns relating to qualified 
training services  7a7 ,requirement of  
reporting ,any qualified entity which1  
in the course of a trade or business and
 for any calendar year1 receives        
payments from any electing individual   
with respect to qualified training      

services provided by such entity shall  
make the return described in subsection 
7b7 with respect to each such individual
 at such time as the ,secretary may by  
regulations prescribe4  7b7 ,return ,a  
return is described in this subsection  
if such return-- 7#a7 is in such form as
 the ,secretary may prescribe1 and  7#b7
 contains-- 7,a7 the name1 address1 and 
,,tin of each electing individual from  
whom a payment described in subsection  
7a7 was received during the calendar    
year1  7,b7 the aggregate amount of such
 payments received by such individual   
during such calendar year and the date  
and amount of each such payment1 and    
7,c7 such other information as the      
,secretary may require4  7c7 ,electing  
individual ,the term electing individual
 means an individual who has indicated  
to the qualified entity their intention 
to claim the credit allowed under       
section #cf;,a with respect to the      
qualified training services provided by 
such entity4  7d7 ,statement ,to be     

furnished to individuals with respect to
 whom information is required  7#a7 ,in 
general ,every qualified entity required
 to make a return under subsection 7a7  
shall furnish to each electing          
individual whose name is required to be 
set forth in such return a written      
statement showing-- 7,a7 the name1      
address1 and phone number of the        
information contact of the qualified    
entity required to make such a return1  
and  7,b7 the aggregate amount of       
payments made by the individual to the  
qualified entity required to be shown on
 the return4  7#b7 ,furnishing of       
information ,the written statement      
required under paragraph 7#a7 shall be  
furnished to the individual on or before
 ,january #ca of the year following the 
calendar year for which the return under
 subsection 7a7 is required to be made4 
7e7 ,definitions ,the terms qualified   
entity and qualified training services  
have the same meaning given such terms  
under section #cf;,a7b74  7f7           

,regulations and guidance ,the          
,secretary may prescribe such           
regulations and other guidance as may be
 appropriate or necessary to carry out  
the purpose of this section4  4  7c7    
,clerical amendments  7#a7 ,section     
#fbaa7;b77#d77;,a7 of the ,internal     
,revenue ,code of #aihf is amended by   
inserting #cf;,a1 after #cf14  7#b7 ,the
 table of sections for subpart ,c of    
part ,,iv of subchapter ,a of chapter #a
 of such ,code is amended by inserting  
after the item relating to section #cf  
the following new item3  ,sec4 #cf;,a4  
,skills ,training ,credit4  4  7#c7 ,the
 table of sections for subchapter ,a of 
chapter #fa of such ,code is amended by 
adding at the end the following new     
item3  ,sec4 #fjej,z4 ,returns relating 
to qualified training services4  4  7d7 
,effective date ,the amendments made by 
this section shall apply to expenses    
paid or incurred during taxable years   
beginning after ,december #ca1 #bjai4   
#c4 ,precertification by ,secretary of  

,labor  7a7 ,in general ,the ,secretary 
of ,labor shall establish a process     
through which the ,secretary shall      
precertify providers of courses or      
programs of training services as        
qualified entities providing qualified  
training services 7as such terms are    
defined in section #cf;,a7b7 of the     
,internal ,revenue ,code of #aihf71 to  
enable the providers and courses or     
programs to qualify for the tax credit  
provided under such section #cf;,a4  7b7
 ,establishment of precertification     
requirements  7#a7 ,in general ,by not  
later than #fj days after the date of   
enactment of this ,act1 the ,secretary  
of ,labor shall create and publish the  
precertification requirements-- 7,a7 for
 a provider to be a qualified entity for
 purposes of section #cf;,a7b77#b77;,b7 
of the ,internal ,revenue ,code of      
#aihf2 and  7,b7 for a course or program
 of study related to a high-need area1  
as determined by the ,secretary of      
,labor1 to be a qualified training      

service for purposes of section         
#cf;,a7b77#c77;,b7 of such ,code4  7#b7 
,considerations of high-need areas ,in  
determining the high-need areas for     
purposes of paragraph 7#a77;,b71 the    
,secretary of ,labor shall-- 7,a7       
include computer science and technology2
 and  7,b7 consider-- 7i7 the graduate  
areas of national need designated by the
 ,secretary of ,education under section 
#gab7;b7 of the ,higher ,education ,act 
of #aife 7#bj ,u4,s4,c4 #aace;a7b772 and
  7ii7 the ,,stem ,designated ,degree   
,program list issued by the ,department 
of ,homeland ,security for purposes of  
the #bd-month optional practical        
training extension described in section 
#bad4b7;f77#aj77;ii7 7,c7 of title #h1  
,code of ,federal ,regulations4  7#c7   
,precertification period ,if the        
,secretary of ,labor precertifies a     
provider and a course or program of     
study under this section1 such provider 
and course or program of study shall be 
considered to be a qualified entity for 

purposes of section #cf;,a7b77#b77;,b7  
of the ,internal ,revenue ,code of #aihf
 and a qualified training service for   
purposes of section #cf7;,a77b77#c77;,b7
 of such ,code1 for the entire period-- 
7,a7 beginning on the date of this ,act2
 and  7,b7 ending on ,december #ca1     
#bjba4  7c7 ,application for            
precertification  7#a7 ,in general ,a   
provider of training services that      
desires to be precertified as a         
qualified provider that offers a        
qualified training service shall submit 
an application to the ,secretary of     
,labor at such time1 in such manner1 and
 containing such information as the     
,secretary may require4  7#b7 ,contents 
,the ,secretary shall ensure that the   
application required under this         
paragraph-- 7,a7 is streamlined and easy
 to complete2 and  7,b7 includes1 at a  
minimum1 information and data           
regarding-- 7i7 the credential earned   
through the course or program2  7ii7 the
 average student completion rate for the

 program for the #c-year period         
preceding the date of application2      
7iii7 the costs of enrollment in the    
program2  7iv7 the average employment   
rate for individuals who complete the   
program during such period2 and  7v7 the
 average earnings for individuals who   
complete the program during such period4
  7#c7 ,notification ,in any case where 
an individual enrolling in a training   
service notifies a provider of training 
services that the individual intends to 
claim the credit allowed under section  
#cf;,a of the ,internal ,revenue ,code  
of #aihf with respect to the training   
service1 the provider shall-- 7,a7      
inform the individual if the provider   
and the service qualify as a qualified  
training provider and qualified training
 service for purposes of such section2  
and  7,b7 if the provider has applied   
but has not yet received                
precertification for the provider or    
program from the ,secretary of ,labor   
under this section1 alert the individual

 that the provider and program has not  
yet been precertified4