Under a proposed bill called the Skill and Knowledge Investments Leverage Leaders’ Untapped Potential Tax Credit Act (SKILL UP Act) (H.R. 5869), the work opportunity tax credit would gain a new targeted group: employees participating in a work-based learning program. This would include an apprenticeship program and other specified training arrangements. Chances of enactment?
Alert: Follow coronavirus-related federal tax changes through the IRS’ Coronavirus Tax Relief center.
