Act in effect for calendar years beginning in such year. (6) Termination This subsection shall not apply to expenses paid or incurred after December 31, 2030. . (B) Training included as research expenses (i) In general Paragraph (1) of section 41(b) of such Code is amended— (I) by striking and at the end of subparagraph (A), (II) by striking the period at the end of subparagraph (B) and inserting , and , and (III) by adding at the end the following new subparagraph: (C) employee training expenses. . (ii) Employee training expenses Subsection (b) of section 41 of such Code is amended— (I) by redesignating paragraph (4) as paragraph (5), and (II) by inserting after paragraph (3) the following new paragraph: (4) Employee training expenses (A) In general The term employee training expenses means any wages paid or incurred to an employee in connection with training for the employee to perform qualified services described in clause (i) or (ii) of paragraph (2)(B). Such term does not include wages paid or incurred in connection with general employer training which does not specifically pertain to such qualified services. (B) Wages, etc For purposes of this paragraph— (i) In general The term wages shall not include any amount taken into account under paragraph (2)(A)(i). (ii) Rules The rules of paragraph (2)(D) shall apply. (C) Termination The term employee training expenses does not include any wages paid or incurred after December 31, 2030. . (C) Effective date The amendments made by this paragraph shall apply to taxable years beginning after December 31, 2021. (d) Regulatory modernization (1) Definition In this paragraph, the term startup means a small business concern (as defined in section 3(a) of the Small Business Act ( 15 U.S.C. 632(a) )) that— (A) has been in existence for less than 3 years