Summary: H.R.5366 — 108th Congress (2003-2004)All Information (Except Text)

There is one summary for H.R.5366. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (11/16/2004)

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.