TRAIN Act of 2004

[AI summary unavailable — showing source text] Technology Retraining And Investment Now Act of 2004 (TRAIN Act of 2004) - Amends the Internal Revenue Code to allow businesses and individuals a tax credit for 50 percent of their information and communications technology education and training expenses up to $8,000 for a taxable year. Increases the allowable amount of the credit to $10,000 for expenses for a program operated: (1) in an empowerment zone, enterprise community, or renewal community; (2) in a school district in which at least 50 percent of the students are eligible for free or reduced-cost lunches under the National School Lunch Act; (3) in an area designated as a disaster area under the Disaster Relief and Emergency Assistance Act; (4) in a designated rural enterprise community; (5) in an area designated as a Rural Economic Area Partnership Zone; (6) in an area over which an Indian tribal government has jurisdiction; (7) by an employer who has 200 or fewer employees for each business day in each of 20 or more calendar weeks in the current or preceding calendar year; or (8) for an individual with a disability. Defines "information technology education and training program expenses" to include: (1) course wo…