To amend the Internal Revenue Code of 1986 to provide employers a double deduction of certain employee training expenses.

3.0.0 5366 2023-01-14T22:48:33Z 2023-01-14T22:48:33Z House H HR 2004-11-16 108 hswm00 Ways and Means Committee House Standing Referred to 2004-11-16T19:00:45Z 2004-11-16 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2004-11-16 Introduced in House IntroReferral Intro-H 9 Library of Congress 2004-11-16 Introduced in House IntroReferral 1000 9 Library of Congress F000238 Rep. Foley, Mark [R-FL-16] MARK FOLEY R FL 16 N Taxation Apprenticeship Commerce Costs Employee training Income tax Labor and Employment Law Licenses Tax deductions Wages Taxation

00 2004-11-16 Introduced in House 2004-12-17T16:53:21Z Amends the Internal Revenue Code to allow a special tax deduction for employee training expenses that are: (1) also deductible as an ordinary and necessary business expense; (2) incurred under the National Apprenticeship Act or under a recognized State program; and (3) at least one percent of the total yearly wages paid by the employer claiming a deduction.

]]>

To amend the Internal Revenue Code of 1986 to provide employers a double deduction of certain employee training expenses. Display Title To amend the Internal Revenue Code of 1986 to provide employers a double deduction of certain employee training expenses. Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide employers a double deduction of certain employee training expenses. Introduced in House IH Introduced in House 2004-11-16T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-108hr5366ih/xml/BILLS-108hr5366ih.xml 2004-11-16 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.