Bill > HR7576

This bill, titled the "AI Workforce Training Act," proposes to amend the Internal Revenue Code of 1986 to establish a new tax credit for businesses that invest in artificial intelligence (AI) training for their employees. Specifically, it creates a "workforce artificial intelligence training credit" which would allow taxpayers to claim a credit equal to 30 percent of their qualified AI training expenses, up to a maximum of $2,500 per employee per year. These qualified expenses include costs for enrolling employees in accredited AI training programs, such as workshops or certificate courses covering topics like prompt engineering, data literacy, machine learning, and AI ethics, as well as the wages paid to employees while they are attending such training, and expenses for developing in-house AI training programs. The credit is designed to be part of the general business credit and will be adjusted for inflation after 2026, with the amendments taking effect for taxable years beginning after December 31, 2025. Additionally, the bill mandates that the Secretaries of the Treasury, Labor, and Commerce jointly conduct a public outreach campaign to inform businesses about this new credit and submit annual reports to Congress on the campaign's progress and outcomes.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/7576/all-info