Pennsylvania House Passes Bill Encouraging Worker Education and Job Skills: Employers to Receive Tax Credit for College Savings Contributions
New Bill Aims to Strengthen Workforce Through Employer-Assisted Higher Education and Tax Credit
According to ButlerRadio.com, the Pennsylvania House passed a bill to help education and job skills. This bill gives employers a tax credit if they put money into their workers’ college savings accounts. Employers can get back 25% of what they put in up to $500 per worker. This is meant to encourage businesses to support their workers’ education which can help both the workers and the state’s economy.
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$500 Support Per Worker: New Tax Credit for Tuition Savings Introduced Through House Bill In Pennsylvania – Check More! (PHOTO: Military.com)
Employer-Assisted Tuition Savings Program Aims to Enhance Workforce Education and Economic Growth – Unanimous Support for Pennsylvania‘s Bill
The bill allows employers to get a tax credit for putting money into their workers’ tuition savings accounts. This helps workers pay for school or job training. It got unanimous support in the Pennsylvania House and now moves to the state senate. If it becomes law it could improve education and the economy in Pennsylvania.
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