Tech Training Tax Credit Bill Introduced

Representative Jerry Weller (R-Ill.) introduced a bill into the U.S. House of Representatives last week that, if passed, would make technical training tax deductible.

The "Technology Retraining And Investment Now Act of 2004" ("TRAIN ACT," HR 4392) would allow individuals and companies to receive a tax credit for up to 50 percent of technical training costs up to $10,000. Expenses can include training classes (private or public), certification exams and other expenses "essential to assessing skill acquisition."

[See the official version (pdf format) here.]