text: SECTION 1. SHORT TITLE.
  
      This Act may be cited as the ``On-the-Job Training Tax Credit Act 
  of 2015''.
  
  SEC. 2. ON-THE-JOB TRAINING TAX CREDIT.
  
      (a) In General.--Subpart D of part IV of subchapter A of chapter 1 
  of the Internal Revenue Code of 1986 is amended by adding at the end 
  the following new section:
  
  ``SEC. 45S. ON-THE-JOB TRAINING TAX CREDIT.
  
      ``(a) In General.--For purposes of section 38, in the case of an 
  eligible employer, the on-the-job training tax credit determined under 
  this section with respect to any eligible employee of the employer is 
  an amount equal to the lesser of--
              ``(1) 50 percent of the job training program expenditures 
          of the taxpayer with respect to such employee during the 
          taxable year, or
              ``(2) $5,000.
      ``(b) Eligible Employer.--For purposes of this section, the term 
  `eligible employer' means an employer which employed an average of not 
  more than 500 full-time employees during the taxable year.
      ``(c) Job Training Program Expenses.--For purposes of this 
  section--
              ``(1) In general.--The term `job training program expenses' 
          means amounts paid or incurred by the employer for expenses 
          incurred by or on behalf of an eligible employee for 
          participation in a qualified training program.
              ``(2) Qualified training program.--For purposes of this 
          subsection, the term `qualified training program' means any of 
          the following written plans of study and training:
                      ``(A) An apprenticeship program registered and 
                  certified with the Secretary of Labor under section 1 
                  of the National Apprenticeship Act (29 U.S.C. 50).
                      ``(B) A program licensed, registered, or certified 
                  by the workforce investment board or apprenticeship 
                  agency or council of a State or administered in 
                  compliance with apprenticeship laws of a State.
                      ``(C) A program conducted by a vocational or 
                  technical education school, community college, 
                  industrial or trade training organization, or labor 
                  organization.
                      ``(D) A program which conforms to apprentice 
                  training programs developed or administered by an 
                  employer trade group or committee.
                      ``(E) An industry sponsored or administered program 
                  which is clearly identified and commonly recognized.
      ``(d) Eligible Employee.--For purposes of this section, the term 
  `eligible employee' means any employee of the employer, who while 
  participating in the job skills training program is employed on average 
  at least 40 hours of service per week.
      ``(e) Recapture of Credit for Employee Not Performing Minimum 
  Service.--
              ``(1) In general.--In the case of any employee with respect 
          to whom a credit is allowed under this section and whose 
          employment is terminated by the employer (other than by reason 
          of such employee's gross misconduct) before the end of the 2-
          year period beginning on the first day of the employee's study 
          or training with respect to which a credit is allowed under 
          this section, the tax of the taxpayer under this chapter for 
          the taxable year during which such termination occurs shall be 
          increased by an amount equal to--
                      ``(A) the aggregate decrease in the credits allowed 
                  under section 38 for all prior taxable years which 
                  would have resulted if the job training program 
                  expenses with respect to such employee had been zero, 
                  multiplied by
                      ``(B) the inclusion ratio.
              ``(2) Inclusion ratio.--For purposes of this subsection, 
          the inclusion ratio is the ratio which--
                      ``(A) an amount equal to the difference of--
                              ``(i) the number of days in the 2-year 
                          period, over
                              ``(ii) the number of days such employee was 
                          employed by the employer during such 2-year 
                          period, bears to
                      ``(B) the number of days in the 2-year period.
      ``(f) Controlled Groups.--For purposes of this section, all persons 
  treated as a single employer under subsection (b), (c), (m), or (o) of 
  section 414 shall be treated as a single employer.
      ``(g) Termination.--The section shall not apply amounts paid or 
  incurred during taxable years beginning after December 31, 2017.''.
      (b) Credit To Be Part of General Business Credit.--Subsection (b) 
  of section 38 of such Code is amended by striking ``plus'' at the end 
  of paragraph (35), by striking the period at the end of paragraph (36) 
  and inserting ``, plus'', and by adding at the end the following new 
  paragraph:
              ``(37) the on-the-job training tax credit determined under 
          section 45S(a).''.
      (c) Clerical Amendment.--The table of sections for subpart D of 
  part IV of subchapter A of chapter 1 of such Code is amended by adding 
  at the end the following new item:
  
  ``Sec. 45S. On-the-job training tax credit.''.
      (d) Effective Date.--The amendments made by this section shall 
  apply to taxable years beginning after December 31, 2014.
target: On-the-Job Training Tax Credit Act of 2015  Amends the Internal Revenue Code to allow&nbsp;employers who employ not more than 500 full-time employees during the taxable year an on-the-job training tax credit equal to the lesser of: 50% of the job training program&nbsp;expenditures for a full-time&nbsp;employee participating in a qualified training program, or $5,000.  Defines &quot;qualified training program&quot; as a written plan of study and training that is either: (1) an apprenticeship program registered and certified with the Department of Labor under the National Apprenticeship Act; (2) a program licensed, registered, or certified by the workforce investment board or apprenticeship agency or council of a state or administered in compliance with state apprenticeship laws; (3) a program conducted by a vocational or technical education school, community college, industrial or trade training organization, or labor organization; (4) a program which conforms to apprentice training programs developed or administered by an employer trade group or committee; or (5) an industry-sponsored or -administered program which is clearly identified and commonly recognized.  Terminates such credit after 2017.
feat_title: On-the-Job Training Tax Credit Act of 2015