AlanBarber.Org
Monday, June 14, 2004
HR 4392 - Technology Retraining And Investment Now Act of 2004
Saw a link to a report of a new bill being put in congress to give tax credit for technology training a while ago. I don’t remember where I saw it but anyways here’s the report at CramSession.
It’s bill HR 4392, called the Technology Retraining And Investment Now Act of 2004 or TRAIN Act of 2004.
The short of the bill is that, if it’s passed, will give tax credits for people that get training in communication and information technology. It appears you can get credit of 50 percent of expenses of up to $8000 per year or $10,000 for special cases. So you could be getting a tax break of up to $4000 or $5000 dollars!
I hope this does pass and get enacted. We are living in a society where people need to be trained to use technology. Many can’t afford the training so any tax credit that could help people out is great.
The bill states credit for “course work” but the one thing I wonder is if the tax credit is viable for Computer Science and MIS students’ tuition at public 4 year universities? If it is then I just found one more good reason why I should go back and get my masters. Nothing like having the government pay for half my tuition costs!
So take a moment and read the bill if you’re interested in it. Then go contact your congressmen and tell them to vote for it.
Computers & Technology •
Politics & Government •
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I hope so, too.