S 1045 · 111th Congress · Taxation

POWER Act of 2009

Introduced 2009-05-14· Sponsored by Sen. Lincoln, Blanche L. [D-AR]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Read twice and referred to the Committee on Finance.(2009-05-14)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only