GA considers increasing tax credit for job retraining - NBC12.com - Richmond, VA News

GA considers increasing tax credit for job retraining

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The General Assembly is considering increasing a tax credit to help manufacturing workers get advanced training.

Republican Delegate David Yancey of Newport News is proposing a bill to increase a tax credit from $100 to $200 dollars. It would be up to $300 dollars for classes in science, technology, engineering, math, or healthcare.

Manufacturing companies could claim the credit for sending their employees to get further training.

Explained Delegate Yancey, "They would get a firm understanding of these new technologies and new manufacturing concepts, like three dimensional and the new advanced materials and so forth. What we're trying to do is get these folks back into school so that when they go back into the workforce they're able utilize new technologies and produce new products."

The bill has passed the House and is now in a Committee in the Senate. I'll keep you posted on what happens.

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