1. Short title This Act may be cited as the Bettering Employee Skills and Talents Act or the BEST Act . 2. Workforce training credit (a) In general Subchapter D of chapter 21 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: 3135. Workforce training credit (a) In general There shall be allowed as a credit against applicable employment taxes for each calendar quarter an amount equal to 30 percent of the qualified workforce training expenses paid or incurred by the employer during such calendar quarter. (b) Qualified workforce training expenses For purposes of this section— (1) In general The term qualified workforce training expenses means amounts paid or incurred by the employer to provide a qualified employee with qualified training. (2) Qualified employee The term qualified employee means any employee who holds an entry-level position with the employer and has not obtained a bachelor’s degree. (3) Qualified training The term qualified training means any program of training which is designed to prepare an individual for a skill or employment classification that is recognized by any State or local government, regulatory body, or professional guild or organization. Such term shall not include any program of workplace safety training unless the skill or employment classification relates to workplace safety. (c) Applicable employment taxes For purposes of this section, the term applicable employment taxes means the taxes imposed under sections 3111(a), 3111(b), and 3221(a). (d) Carryover of excess credit as employment or income tax credit (1) Credit limited to employment taxes The credit allowed under subsection (a) with respect to any calendar quarter shall not exceed the applicable employment taxes (reduced by any credits allowed under subsection (e) or (f) of section 3111) on the wages paid with respect to the employment of all the employees of the employer for such calendar quarter. (2) Carryover as employment or income tax credit If the amount of any credit under