S. 1045 · 111th Congress
POWER Act of 2009
- Stage
- In committee
- Sponsor
- Blanche Lincoln
- Introduced
- 2009-05-14
- Latest action
- 2009-05-14 · Introduced in Senate
Summary
Providing Our Workforce with Education and Re-training Act of 2009 or POWER Act of 2009 - Amends the Internal Revenue Code to allow a general business tax credit for up to 25% of the cost of technical training for employees performing services in a trade or business of the taxpayer. Limits the amount of the credit to $1,000 for each employee, reduced by credit amounts for all prior taxable years.