Human Investment Act

Human Investment Act - Allows an income tax credit for employee training expenses equal to 10 percent of the employee training expenses which does not exceed $25,000 plus fifty percent of the liability for the tax which exceeds $25,000. Defines employee training expenses as wages and salaries of apprentices, employees enrolled in on-the-job training programs, and employees who are participating in certain cooperative educational programs.

Excludes from gross income the various tuition course fees, and home study course fees under an employee training program paid on behalf of a taxpayer for the taxable year.