,i  #aai? ,,congress  #b;d ,session  ,h4
 ,r4 #idch  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,june #bd1 #bjbf,mr4  
,licc>do 7= himself & ,mr4 ,panetta7    
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$it =      
bus9esses t contribute to educational & 
work=ce tra9+ consortia programs4  #a4  
,%ort title  ,?is ,act may be cit$ z !  
,support+ ,k ?r\gh ,indu/ry-,l$ ,le>n+  
,act or ! ,,skill ,act4  #b4            
,educational & work=ce tra9+ consortia  
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;,,bb4 ,educational & work=ce tra9+  
consortia cr$it  7a7 ,9 g5]al ,=        
purposes ( section #ch1 9 ! case ( any  
qualify+ employ]1 ! educational &       
work=ce tra9+ consortia cr$it det]m9$ "u
 ?is section = any taxable ye> is an    
am\nt equal to ! less] (--  7#a7 ! sum  

(-- 7,a7 #b1ejj = ea* /ud5t t e>ns a    
degree1 c]tificate1 or cr$5tial f a     
qualify+ program ) respect to :i* su*   
employ] is a qualify+ employ] dur+ su*  
taxable ye>1 &  7,b7 #b1ejj = ea* /ud5t 
t e>n$ su* a degree1 c]tificate1 or     
cr$5tial dur+ su* taxable ye> or !      
prec$+ taxable ye> & :i* su* employ]    
hir$ on a full-"t basis dur+ su* taxable
 ye>1 or  7#b7 ! cr$it am\nt allocat$ to
 su* employ] by ! designat$ /ate ag5cy  
"u subsection 7d7 = ! cal5d> ye> 9 :i*  
su* taxable ye> beg9s4  7b7 ,qualify+   
employ] ,= purposes ( ?is section1 ! t]m
 qualify+ employ] means1 ) respect to   
any qualify+ program1 any employ] t is  
c]tifi$ by ! designat$ /ate ag5cy z mak+
 contributions to su* qualify+ program1 
includ+ by-- 7#a7 p>ticipat+ 9 curricula
 developm5t or skills assessm5ts1  7#b7 
provid+ int]n%ips1 appli$ le>n+         
opportunities1 regi/]$ appr5tice%ip     
programs1 or access to laboratories1 or 
7#c7 donat+ ca%1 equipm5t1 or s]vices4  
7c7 ,qualify+ program ,= purposes ( ?is 

section1 ! t]m qualify+ program means   
any educational or tra9+ program1 or    
regi/]$ appr5tice%ip1 :i* is-- 7#a7     
op]at$ 9 coord9ation ) qualify+         
employ]s1  7#b7 c]tifi$ by ! designat$  
/ate ag5cy1  7#c7 (f]$ by a public      
college or univ]sity1 or a community or 
te*nical college1 &  7#d7 design$ to be 
complet$ by p>ticipants dur+ a p]iod (  
#b ye>s or less4  7d7 ,limitation on    
allocations ,! designat$ /ate ag5cy %all
 allocate cr$it am\nt to qualify+       
employ]s on a competitive basis4 ,!     
maximum aggregate cr$it am\nt t may be  
allocat$ by a designat$ /ate ag5cy to   
qualify+ employ]s = any cal5d> ye> %all 
n exce$ ! limitation am\nt allocat$ to  
su* designat$ /ate ag5cy by ! ,secret>y 
= su* cal5d> ye> "u subsection 7e74  7e7
 ,national limitation  7#a7 ,9 g5]al ,! 
national cal5d> ye> cr$it limitation    
is-- 7,a7 #ejj1jjj1jjj = ea* ( cal5d>   
ye>s #bjbg ?r\gh #bjca1 &  7,b7 z]o =   
ea* cal5d> ye> !reaft]4  7#b7           
,allocation ( limitation ,! national    

cal5d> ye> cr$it limitation "u p>agraph 
7#a7 = ea* cal5d> ye> %all be allocat$  
by ! ,secret>y among designat$ /ate     
ag5cies 9 ! same proportion t !         
population ( ea* ,/ate be>s to !        
aggregate population ( ! ,/ates4 ,=     
purposes ( ! prec$+ s5t5ce1 population  
%all be det]m9$ 9 accordance ) section  
#adf7;j74  7#c7 ,c>ryov] ( unus$        
limitation ,if ! national cal5d> ye>    
cr$it limitation allocat$ to any        
designat$ /ate ag5cy = any cal5d> ye>   
exce$s ! aggregate am\nt allocat$ by su*
 designat$ /ate ag5cy to qualify+       
employ]s = su* ye>1 ! national cal5d>   
ye> cr$it limitation = ! succe$+ cal5d> 
ye> %all be increas$ by ! am\nt ( su*   
excess4  7f7 ,designat$ /ate ag5cy ,=   
purposes ( ?is section1 ! t]m designat$ 
/ate ag5cy means any ag5cy au?oriz$ by !
 ,/ate to c>ry out ?is section ) respect
 to su* ,/ate4  7g7 ,regulations ,!     
,secret>y may issue su* regulations or  
o!r guidance z may be necess>y or       
appropriate to c>ry out ! purposes ( ?is

 section4  4  7b7 ,cr$it "p ( g5]al     
bus9ess cr$it ,section #ch7;b7 ( su*    
,code is am5d$ by /rik+ plus at ! end ( 
p>agraph 7#dj71 by /rik+ ! p]iod at !   
end ( p>agraph 7#da7 & ins]t+ 1 plus1 & 
by add+ at ! end ! foll[+ new p>agraph3 
7#db7 ! educational & work=ce tra9+     
consortia cr$it det]m9$ "u section      
#de;,,bb7a74  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;,,bb4 ,educational &   
work=ce tra9+ consortia cr$it4  4  7d7  
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s end+ 
aft] ,decemb] #ca1 #bjbf4