H.R.5254 - Up-Skilling Tax Credit Act of 2004108th Congress (2003-2004)
Summary: H.R.5254 — 108th Congress (2003-2004)
Introduced in House (10/07/2004)
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.