26 U.S.C. § 45N — Mine rescue team training credit

submitted 20 years ago by Pub. L. 109-432 to r/title-26-INTERNAL-REVENUE-CODE · 282 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law gives underground mine employers a tax credit for training mine rescue team members. The credit is 20 percent of training costs per employee, capped at $10,000 each. It ends for tax years starting after December 31, 2021.

(a) Amount of credit For the general business credit, an "eligible employer" gets a credit for each "qualified mine rescue team employee," equal to the smaller of two numbers: 20 percent of what the employer paid or spent that year on that employee's mine-rescue training — including the wages paid while the employee was in training — or $10,000. (b) Qualified mine rescue team employee This means a full-time employee who, for more than 6 months of the tax year, is qualified to serve on a mine rescue team — either because the employee finished at least the initial 20-hour training course set by the Mine Safety and Health Administration's Office of Educational Policy and Development, or because the employee got at least 40 hours of refresher training in that same course. (c) Eligible employer This means any taxpayer that employs people as miners in underground mines in the United States. (d) Wages "Wages" here has the same meaning as in section 3306(b) (the unemployment tax law), but without that section's dollar limit. (e) Termination This credit does not apply to tax years that start after December 31, 2021.

the actual law source: uscode.house.gov ↗public domain

(a) Amount of credit

For purposes of section 38, the mine rescue team training credit determined under this section with respect to each qualified mine rescue team employee of an eligible employer for any taxable year is an amount equal to the lesser of—

(1)

20 percent of the amount paid or incurred by the taxpayer during the taxable year with respect to the training program costs of such qualified mine rescue team employee (including wages of such employee while attending such program), or

(2)

$10,000.

(b) Qualified mine rescue team employee

For purposes of this section, the term “qualified mine rescue team employee” means with respect to any taxable year any full-time employee of the taxpayer who is—

(1)

a miner eligible for more than 6 months of such taxable year to serve as a mine rescue team member as a result of completing, at a minimum, an initial 20-hour course of instruction as prescribed by the Mine Safety and Health Administration’s Office of Educational Policy and Development, or

(2)

a miner eligible for more than 6 months of such taxable year to serve as a mine rescue team member by virtue of receiving at least 40 hours of refresher training in such instruction.

For purposes of this section, the term “eligible employer” means any taxpayer which employs individuals as miners in underground mines in the United States.

(d) Wages

For purposes of this section, the term “wages” has the meaning given to such term by subsection (b) of section 3306 (determined without regard to any dollar limitation contained in such section).

(e) Termination

This section shall not apply to taxable years beginning after December 31, 2021.

Source credit: (Added Pub. L. 109–432, div. A, title IV, § 405(a), Dec. 20, 2006, 120 Stat. 2957; amended Pub. L. 110–343, div. C, title III, § 310, Oct. 3, 2008, 122 Stat. 3869; Pub. L. 111–312, title VII, § 735(a), Dec. 17, 2010, 124 Stat. 3318; Pub. L. 112–240, title III, § 307(a), Jan. 2, 2013, 126 Stat. 2329; Pub. L. 113–295, div. A, title I, § 117(a), Dec. 19, 2014, 128 Stat. 4015; Pub. L. 114–113, div. Q, title I, § 163(a), Dec. 18, 2015, 129 Stat. 3066; Pub. L. 115–123, div. D, title I, § 40303(a), Feb. 9, 2018, 132 Stat. 146; Pub. L. 116–94, div. Q, title I, § 113(a), Dec. 20, 2019, 133 Stat. 3229; Pub. L. 116–260, div. EE, title I, § 136(a), Dec. 27, 2020, 134 Stat. 3053.)

history & why it existsrecord from the source credit

2006Enacted · Pub. L. 109-432 · 120 Stat. 2957
2008Amended · Pub. L. 110-343 · 122 Stat. 3869
2010Amended · Pub. L. 111-312 · 124 Stat. 3318
2013Amended · Pub. L. 112-240 · 126 Stat. 2329
2014Amended · Pub. L. 113-295 · 128 Stat. 4015
2015Amended · Pub. L. 114-113 · 129 Stat. 3066
2018Amended · Pub. L. 115-123 · 132 Stat. 146
2019Amended · Pub. L. 116-94 · 133 Stat. 3229
2020Amended · Pub. L. 116-260 · 134 Stat. 3053

A history note hasn’t been published yet. The record shows enactment by Pub. L. 109-432 on 2006-12-20.

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