To amend the Internal Revenue Code of 1986 to provide a credit against income tax for education and training expenses of small businesses and a credit against income tax for educational expenses of employees of small businesses.
Small Business Employee Training and Education Investment Act of 1990 - Amends the Internal Revenue Code to allow a credit to a small business for a percentage of the qualified training and education expenses paid or incurred for employees. Specifies rules for determining such credit.
Allows employees of small businesses a nonrefundable credit of 30 percent of the educational expenses paid by the employee.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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