HR 5254
108th Congress
House
Taxation
Commerce
Costs
Employee training
Income tax
Labor and Employment
Tax credits
Technical education
Up-Skilling Tax Credit Act of 2004
Introduced: October 7, 2004
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 7, 2004
Referred to the House Committee on Ways and Means.
Oct 7, 2004
Introduced in House
Plain-English summary
Up-Skilling Tax Credit Act of 2004 - Amends the Internal Revenue Code to allow a general business tax credit for up to 20 percent of the cost of technical training for employees performing services in a trade or business of the taxpayer. Limits the amount of the credit to $1,000 for each employee, reduced by credit amounts for all prior taxable years. Terminates the credit after 2008.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1