,,ib ,union ,calendar ,no4 #gic #aahth ,,congress #b;d ,session ,h4 ,r4 #idfa ,report ,no4 #aah-idd ,,in ,,the ,,house ,,of ,,representatives ,september #f1 #bjbd ,mr4 ,smucker introduced the following bill2 which was referred to the ,committee on ,ways and ,means ,december #bd1 #bjbd ,reported with an amendment1 committed to the ,committee of the ,whole ,house on the ,state of the ,union1 and ordered to be printed ,strike out all after the enacting clause and insert the part printed in italic ,for text of introduced bill1 see copy of bill as introduced on ,september #f1 #bjbd ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to allow a credit against tax for charitable donations to nonprofit organizations providing workforce training4 #a4 ,short title ,this ,act may be cited as the ,,usa ,workforce ,investment ,act4 #b4 ,tax credit for contributions of individuals to workforce development or apprenticeship training programs 7a7 ,allowance of credit 7#a7 ,in general ,subpart ,a of part ,,iv of subchapter ,a of chapter #a of the ,internal ,revenue ,code of #aihf is amended by inserting after section #be;,e the following new section3 #be;,f4 ,contributions to workforce development and apprenticeship training programs 7a7 ,allowance of credit ,in the case of an individual1 there shall be allowed as a credit against the tax imposed by this chapter for the taxable year an amount equal to the aggregate amount of qualified contributions made by the taxpayer during the year4 7b7 ,limitations 7#a7 ,in general ,the credit allowed under subsection 7a7 to any taxpayer for any taxable year shall not exceed an amount equal to the lesser of-- 7,a7 #be percent of the sum of the amounts described in paragraphs 7#a7 and 7#b7 of section #bf7;a7 for such taxable year1 or 7,b7 #aej1jjj4 7#b7 ,allocation of volume cap ,the credit allowed under subsection 7a7 to any taxpayer for any taxable year shall not exceed the amount of the volume cap allocated by the ,secretary to such taxpayer under subsection 7f7 with respect to qualified contributions made by the taxpayer during the taxable year4 7#c7 ,reduction based on ,state credit ,the amount allowed as a credit under subsection 7a7 for a taxable year shall be reduced by the amount allowed as a credit on any ,state tax return of the taxpayer for qualified contributions made by the taxpayer during the taxable year4 7c7 ,definitions ,for purposes of this section-- 7#a7 ,qualified contribution ,the term qualified contribution means a charitable contribution 7as defined by section #agj7;c77 to a workforce development or apprenticeship training organization in the form of cash or marketable securities if such contribution is designated by such organization to be used only for the purpose of providing workforce development or apprenticeship training programs4 7#b7 ,workforce development or apprenticeship training organization ,the term workforce development or apprenticeship training organization means any organization which-- 7,a7 is described in section #eja7;c77#c71 is exempt from tax under section #eja7;a71 and is not a private foundation1 and 7,b7 is included on a list of providers prepared under subsection 7d7 of section #abb of the ,workforce ,innovation and ,opportunity ,act 7#bi ,u4,s4,c4 #caeb7 by reason of having been determined to be eligible to offer a program under such section4 7#c7 ,workforce development or apprenticeship training program ,the term workforce development or apprenticeship training program means a program to provide training services 7within the meaning of section #acd7;c77#c7 of the ,workforce ,innovation and ,opportunity ,act 7#bi ,u4,s4,c4 #cagd7;c77#c7774 7d7 ,denial of double benefit ,any qualified contribution for which a credit is allowed under this section shall not be taken into account as a charitable contribution for purposes of section #agj4 7e7 ,carryforward of unused credit 7#a7 ,in general ,if the credit allowable under subsection 7a7 for any taxable year exceeds the limitation imposed by section #bf7;a7 for such taxable year reduced by the sum of the credits allowable under this subpart 7other than this section1 section #bc1 and section #be;,d71 such excess shall be carried to the succeeding taxable year and added to the credit allowable under subsection 7a7 for such taxable year4 7#b7 ,limitation ,no credit may be carried forward under this subsection to any taxable year following the fifth taxable year after the taxable year in which the credit arose4 ,for purposes of the preceding sentence1 credits shall be treated as used on a first-in first-out basis4 7f7 ,volume cap 7#a7 ,in general ,the volume cap applicable under this section shall be #e1jjj1jjj1jjj for each of calendar years #bjbe through #bjbh1 and zero for calendar years thereafter4 ,such amount shall be allocated by the ,secretary as provided in paragraph 7#b7 to taxpayers with respect to qualified contributions made by such taxpayers1 except that #aj percent of such amount shall be divided evenly among the ,states1 and shall be available with respect to individuals residing in such ,states4 7#b7 ,first-come1 first-serve ,for purposes of applying the volume cap under this section1 such volume cap for any calendar year shall be allocated by the ,secretary on a first-come1 first-serve basis1 as determined based on the time 7during such calendar year7 at which the taxpayer made the qualified contribution with respect to which the allocation is made4 ,the ,secretary shall not make any allocation of volume cap for any calendar year after ,december #ca of such calendar year4 7#c7 ,real-time information ,for purposes of this section1 the ,secretary shall develop a system to track the amount of qualified contributions made during the calendar year for which a credit may be claimed under this section1 with such information to be updated in real time4 7#d7 ,annual increases 7,a7 ,in general ,in the case of the calendar year after a high use calendar year1 the dollar amount otherwise in effect under subsection 7a7 for such calendar year shall be equal to #aje percent of the dollar amount in effect for such high use calendar year4 7,b7 ,high use calendar year ,for purposes of this subsection1 the term high use calendar year means any calendar year for which #ij percent or more of the volume cap in effect for such calendar year under subsection 7a7 is allocated to taxpayers4 7,c7 ,prevention of decreases in annual volume cap ,the volume cap in effect under subsection 7a7 for any calendar year shall not be less than the volume cap in effect under such subsection for the preceding calendar year4 7,d7 ,publication of annual volume cap ,the ,secretary shall make publicly available the dollar amount of the volume cap in effect under subsection 7a7 for each calendar year4 7#e7 ,states ,for purposes of this subsection1 the term ,state includes the ,district of ,columbia4 4 7#b7 ,conforming amendments 7,a7 ,section #be7;e77#a77;,c7 of such ,code is amended by striking and #be;,d and inserting 1 #be;,d1 and #be;,f4 7,b7 ,the table of sections for subpart ,a of part ,,iv of subchapter ,a of chapter #a of such ,code is amended by inserting after the item relating to section #be;,e the following new item3 ,sec4 #be;,f4 ,contributions to workforce development and apprenticeship training programs4 4 7b7 ,effective date ,the amendments made by this section shall apply to taxable years ending after ,december #ca1 #bjbd4 ,december #bd1 #bjbd ,reported with an amendment1 committed to the ,committee of the ,whole ,house on the ,state of the ,union1 and ordered to be printed