26 U.S.C. § 45N
§ 45N. Mine rescue team training credit
No plain-English explainer yet. Below is the official text. Explainers are being added section by section.
History
Added in 2006 by the Public Law 109-432. Last changed December 27, 2020 by the Consolidated Appropriations Act, 2021.
Every change, newest first (9)
- December 27, 2020Consolidated Appropriations Act, 2021
- December 20, 2019Further Consolidated Appropriations Act, 2020 (SECURE Act)
- February 9, 2018Bipartisan Budget Act of 2018
- December 18, 2015Consolidated Appropriations Act, 2016 (PATH Act)
- December 19, 2014Tax Increase Prevention Act of 2014
- January 2, 2013American Taxpayer Relief Act of 2012
- December 17, 2010Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010
- October 3, 2008Emergency Economic Stabilization Act of 2008
- December 20, 2006Public Law 109-432 · added this section
The law as written
Current through Public Law 119-102. Amendment notes omitted.
Structure
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—
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
$10,000.
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—
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
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.
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).
This section shall not apply to taxable years beginning after December 31, 2021.