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BEST Act

1/23/2024, 8:01 AM

Congressional Summary of HR 6818

Bettering Employee Skills and Talents Act or the BEST Act

This bill allows a new tax credit against employment taxes for 30% of qualified workforce training expenses paid by an employer. The bill defines qualified workforce training expenses as amounts paid by an employer to provide entry level employees without a bachelor's degree with skills training recognized by governmental and private organizations.

Current Status of Bill HR 6818

Bill HR 6818 is currently in the status of Bill Introduced since December 14, 2023. Bill HR 6818 was introduced during Congress 118 and was introduced to the House on December 14, 2023.  Bill HR 6818's most recent activity was Referred to the House Committee on Ways and Means. as of December 14, 2023

Bipartisan Support of Bill HR 6818

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
0
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 6818

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 6818

BEST Act
BEST Act
Bettering Employee Skills and Talents Act
To amend the Internal Revenue Code of 1986 to provide employers a credit against employment and income taxes for certain employee training expenses.

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