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- H.R.5254
H.R.5254: Up-Skilling Tax Credit Act of 2004
About This Bill
- This bill was introduced in the 108th Congress
- This bill is primarily about taxation
- Introduced Oct. 7, 2004
- Latest Major Action Oct. 7, 2004
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
16 (All Democrats)
Bill 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.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| Oct. 7, 2004 |
Introduced in the House by James Davis (D-Fla.) |