1. Short title
This Act may be cited as the “Job Skills for America’s Students Act of 2013”.
Job Skills for America’s Students Act of 2013
A BILL
To amend the Internal Revenue Code of 1986 to allow employers a credit against income tax as an incentive to partner with educational institutions to provide skills training for students.
2. Credit for employers which partner with educational institutions to provide skills training for students
In general— Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 (relating to business-related credits) is amended by adding at the end the following new section:
“45S. Employers partnering with educational institutions to provide skills training for students
“(a) General rule—For purposes of section 38, the employer partnering credit determined under this section for any taxable year is an amount equal to $2,000 for each student participating in a qualified partnering program with the employer.
“(b) Maximum credit
“(1) In general—The maximum credit determined under this section for the taxable year shall not exceed $10,000.
“(2) Controlled groups—For purposes of paragraph (1), all persons treated as a single employer under subsection (b), (c), (m), or (o) of section 414 shall be treated as a single employer.
“(c) Qualified partnering program—For purposes of this section, the term qualified partnering program means—
“(1) any Community College and Career Training Grant awarded under section 278 of the Trade Act of 1974 (19 U.S.C. 2372),
“(2) any grant awarded under section 414(c) of the American Competitiveness and Workforce Improvement Act of 1998 (29 U.S.C. 2916a),
“(3) any program under section 834 of the Higher Education Act of 1965 (20 U.S.C. 1161n–3) with alternating or parallel periods of academic study and of public or private employment, and
“(4) any other program which is approved by the Secretary of Education or the Secretary of Labor for purposes of this section.
“(d) Certain rules To apply—For purposes of this section, rules similar to the rules of subsections (c), (d), and (e) of section 52 shall apply.”
Credit To be part of general business credit— Section 38(b) of the Internal Revenue Code of 1986 is amended by striking “plus” at the end of paragraph (35), by striking the period at the end of paragraph (36) and inserting “, plus”, and by adding at the end the following new paragraph:
“(37) the employer partnering credit determined under section 45S.”
Clerical amendment— The table of sections for subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new item:
Effective date— The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.