Washington Considers IT Training Tax Credit
A bill was introduced in the House of Representatives in May that would offer individuals and employers up to $2,000 in tax credits for IT training expenses.
A bill was introduced in the House of Representatives
in May that would offer individuals and employers
up to $2,000 in tax credits for IT training expenses.
Called the Technology Education & Training Act
(TETA), or H.R. 1769, the bill is similar to S.
762 introduced in the Senate earlier in the month.
According to the Technology Workforce Coalition,
an organization lobbying for the legislation,
the goal of the act is to ease the IT worker shortage
by upping the number of trained IT professionals.
According to the TWC, the Act provides
a tax credit of up to $1,500 for IT training expenses
paid by employers. It also would amend the HOPE
and Lifetime Learning tax credits so that individuals
can better access IT training courses at all available
institutions and training centers. And it would
allow for tax credits of up to $2,000 for small
businesses, as well as for people residing in
and companies operating in empowerment zones and
other qualified areas.
Reps. Jerry Weller (R-Ill.) and James
Moran (D-Va.) and Sen. Kent Conrad (D-N.D.) introduced
the bills. An effort at similar legislation last
year withered in committee. Similar credits have
been proposed—and passed—at the state level.
For more information about the TWC
and this bill, visit www.techcoalition.org/tax_credit.htm.