AI Workforce Training Act establishes a tax credit for employers who invest in artificial intelligence training for their employees.
The AI Workforce Training Act amends the Internal Revenue Code to create a tax credit for employers who incur qualified artificial intelligence training expenses for their employees. The credit is equal to 30% of these expenses, with a maximum credit of $2,500 per employee per taxable year. The bill also mandates a public outreach campaign by the Secretaries of the Treasury, Labor, and Commerce to inform businesses about the credit. Additionally, it requires annual reporting to Congress on the campaign's outcomes. The credit applies to taxable years beginning after December 31, 2025.
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