Employers looking to close the skills gap by providing training to employees could get a helping hand from a bipartisan group of lawmakers considering a tax credit to offset some of the costs of that training.
HRDive reports that H.R. 4088, the Career Advancement Through New Skills Act, has been introduced in Congress. Of course, the bill will have to pass both houses, but if it's successful it could offer a tax credit to offset up to $1,250 of training expenses per employee. Qualified expenses would include the cost of training or programming to improve or maintain skills needed by employers.
According to the report, the bill is particularly intended to assist small businesses in finding the employees they need for well-paid jobs that they've been unable to fill, whether because of an inability to boost existing employees' skills or a lack of available training.
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