Did you know of the new The Technology Education and Training Act of 2000, or House Resolution 5004, introduced in the House of Representative on July 27, 2000?

According with the Act, employers will be able to obtain a tax credit in the amount equal to 100 percent of information technology training program expenses paid or incurred during the taxable year. The credit could be as high as $2000, under certain circumstances, especially if your company has less than 200 employees in a year. 

Bellow, these paragraph you will be able to read part of the Act. If you want to read the whole text of the Act, please follow our link to H.R. 5004.

CBI has several programs to fit your needs, whether you have your own company, are a private corporation or represent a non-profit organization. Our experience with small and medium size companies and non-profit organization, makes us the best choice when it comes to training your employees or creating a program specifically design for your community. 

We have two state of the art training facilities in the Philadelphia area. And, in many cases, our instructors travel to provide in-house seminars and training. 

And if you belong to a non-profit organization and are looking to start a educational program, contact us. We want to help you get your program running. Remember: we have programs to fit your needs.

H.R. 5004 (partial)

SEC. 2. CREDIT FOR INFORMATION TECHNOLOGY TRAINING PROGRAM EXPENSES.

(a) IN GENERAL- Subpart B of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following:

SEC. 30B. INFORMATION TECHNOLOGY TRAINING PROGRAM EXPENSES.

(a) GENERAL RULE- There shall be allowed as a credit against the tax imposed by this chapter an amount equal to 100 percent of information technology training program expenses paid or incurred by the taxpayer during the taxable year.

(b) LIMITATION-

(1) IN GENERAL- The amount of information technology training program expenses with respect to an individual which may be taken into account under subsection (a) for the taxable year shall not exceed $1,500.

(2) LARGER CREDIT FOR PARTICIPATION IN CERTAIN PROGRAMS- The dollar amount in paragraph (1) shall be increased (but not above $2,000) by the amount information technology training program expenses paid or incurred by the taxpayer with respect to a program operated--

(A) in an empowerment zone or enterprise community designated under part I of subchapter U,

(B)...(C)...(D)...(E)...

(F) by an employer who has 200 or fewer employees for each working day in each of 20 or more calendar weeks in the current or preceding calendar year.