Tech bills of the week: AI training tax breaks; modernizing agriculture with emerging tech, and more
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Tech bills of the week: AI training tax breaks; modernizing agriculture with emerging tech, and more
"Introduced on Friday, Feb. 13 by Reps. Josh Gottheimer, D-N.J., and Mike Lawler, R-N.Y., the AI Workforce Training Act would modify the Internal Revenue Code of 1986 to support tax credits for companies providing AI training to employees equal to 30% of the qualified expense with a limit of $2,500 per employee. Eligible expenses are listed as accredited courses, workshops, certificate programs and in-house instruction covering areas like data literacy, machine learning fundamentals, prompt engineering, AI ethics education and more."
"Bicameral legislation from Sens. Dick Durbin, D-Ill., and Raphael Warnock, D-Ga., and Rep. Brad Schneider, D-Ill., introduced Feb. 13 instructs leadership at the Department of Labor to oversee new partnerships to support pilot projects relating to workforce training needs, particularly for those at risk of becoming displaced from increased artificial intelligence adoption. If signed into law, the Investing in Tomorrow's Workforce Act of 2026 directs the Labor secretary to begin a competitive AI education grant awarding process to eligible applicants beginning in 2026."
The AI Workforce Training Act would amend the Internal Revenue Code to provide employers a tax credit equal to 30% of qualified AI training expenses, capped at $2,500 per employee. Qualified expenses include accredited courses, workshops, certificate programs, and in-house instruction on data literacy, machine learning fundamentals, prompt engineering, and AI ethics. Labor, Treasury, and Commerce secretaries would organize a public outreach campaign promoting the tax credit. The Investing in Tomorrow's Workforce Act of 2026 would direct the Labor secretary to award competitive AI education grants beginning in 2026 for pilot projects serving workers at risk of displacement. Grants could last up to four years and must include dissemination plans to reach vulnerable workers.
Read at Nextgov.com
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