Search for members, bills, votes, committees, hearings, and nominations
Technology Retraining And Investment Now Act of 2004 (TRAIN Act of 2004) - Amends the Internal Revenue Code to allow businesses and individuals a tax credit for 50 percent of their information and communications technology education and training expenses up to $8,000 for a taxable year. Increases the allowable amount of the credit to $10,000 for expenses for a program operated: (1) in an empowerment zone, enterprise community, or renewal community; (2) in a school district in which at least 50 percent of the students are eligible for free or reduced-cost lunches under the National School Lunch Act; (3) in an area designated as a disaster area under the Disaster Relief and Emergency Assistance Act; (4) in a designated rural enterprise community; (5) in an area designated as a Rural Economic Area Partnership Zone; (6) in an area over which an Indian tribal government has jurisdiction; (7) by an employer who has 200 or fewer employees for each business day in each of 20 or more calendar weeks in the current or preceding calendar year; or (8) for an individual with a disability.
Defines "information technology education and training program expenses" to include: (1) course work: (2) certification testing; (3) apprenticeship programs registered by the Department of Labor; and (4) other expenses that are essential to assessing skill acquisition.
Redefines" eligible educational institution" to include a commercial information and communications technology training provider.
No events recorded for this stage yet.
No events recorded for this stage yet.
No CBO cost estimate has been published for this bill.