National Training Incentives Act of 1984

National Training Incentives Act of 1984 - Title I: Withdrawals from Individual Retirement Accounts and Annuities for Job Training for Displaced Workers - Sets forth provisions for certification of an unemployed individual as a displaced worker by application of such individual to the Secretary of Labor, through the appropriate employment office. Defines "displaced worker" for purposes of this title as any individual who: (1) has, as of the date of application for certification, at least 20 quarters of coverage under title II of the Social Security Act; and (2) has, within the one-year period ending on such date, received counseling relating to seeking employment from any public employment office of any State or such other agency as the Secretary has approved under specified provisions of the Federal Unemployment Tax Act (FUTA). Defines "displaced workers" also as individuals who: (1) on the date of application for certification, are receiving (or are eligible to receive) regular unemployment compensation in such State; (2) on or before such date, have exhausted all right to receive regular unemployment compensation in such State in the individual's most recent benefit year; (3) on or before such date, have become unemployed (or have received notice from their employer that their employment will be terminated within six months of such notice) as a result of the permanent closure of the plant or facility of such employer where such individuals are or were employed; or (4) as of such date, have been unemployed for six months or more and have limited opportunity for employment (for any reason, including age) within a reasonable commuting distance from their principal residence in the same or any similar trade or occupation.

Permits any displaced worker to withdraw, in a specified manner, an amount not to exceed the qualified amount from any individual retirement account or any individual retirement annuity established for the benefit of such worker to pay any expenses for training in a new trade or occupation. Sets forth formulas for determination of a "qualified amount." Sets forth provisions relating to the manner of such withdrawal, including provisions for issuance of training vouchers. Prohibits depositary institutions from assessing penalties for early withdrawals for purposes of such training, but provides for adjusted rates of return on investments under certain conditions. Requires that such training in an eligible training program at a qualified institution be treated as training with the approval of the State agency for purposes of specified FUTA requirements relating to approval of State unemployment laws. Prohibits denial of any unemployment compensation payment under any Federal law solely because a displaced worker is in such training at an eligible training program at a qualified institution.

Sets forth definitions of eligible training programs and training expenses. Directs the Secretary to: (1) prescribe by regulation the application procedure and the criteria to be used in determining whether a training program is eligible; and (2) in making such determination, take into account determinations made by specified other officials and entities. Sets forth nondiscrimination provisions.

Directs the Secretary to keep paperwork to the minimum necessary to administer this title and carry out the purposes of this Act.

Title II: Amendments to Internal Revenue Code of 1954 Relating to Employee Training - Amends the Internal Revenue Code to provide that the additional tax on early withdrawals from individual retirement accounts shall not apply to specified withdrawals for training of dislocated workers. Sets forth special rules for early withdrawals from individual retirement accounts.

Establishes an employee training tax credit for employers. Sets forth formulas and rules relating to such employee training credit.

Title III: State Employment Service Responsibilities - Authorizes appropriations to the Secretary of Labor for FY 1985 and succeeding fiscal years for reimbursement payments to States for certain administrative costs incurred pursuant to this Act. Directs the Secretary to allocate such funds among all States which meet specified criteria in order to assist each such State to administer public employment offices or such other agencies which the Secretary has approved under specified FUTA provisions. Makes any State eligible for such payments if its public employment offices (or other such agencies) provide: (1) certification for displaced workers; and (2) labor market and training information and job search services (including specified counseling) to assist displaced workers to enroll in an eligible training program and obtain employment as quickly as possible.

Directs the Secretary, within one year after enactment of this Act, to report to Congress on: (1) the extent to which the nationwide computerized job bank and matching program authorized under specified provisions of the Job Training Partnership Act can be expected to increase employment opportunities in each State; (2) the estimated cost of making such nationwide computerized job bank and matching program fully operational in the manner intended under such provisions; (3) the extent to which the development of such nationwide computerized job bank and matching program will require changes in the existing employment service operations in each State; and (4) the feasibility of using nonprofit privately operated job-referral services, in areas where such services are available, for the referral of individuals to jobs in low-wage industries where little or no skill is a prerequisite for employment rather than using State employment service offices or such nationwide computerized job bank and matching program.

Title IV: Miscellaneous Provisions - Amends the Job Training Partnership Act to require private industry councils to make available throughout the service delivery area (SDA) information concerning training programs in such SDA which have been recognized as eligible training programs under this Act.

Makes special provision for dislocated workers with respect to Pell Grants. Provides that, notwithstanding specified provisions of the Higher Education Act of 1965 or any other provision of law, the determination of the amount of the expected family contribution to a student to determine the amount of a basic grant to any student who is a certified displaced worker shall be made without including in the effective family income the amount of: (1) any unemployment compensation received by the student; or (2) any distribution from an individual retirement account established to pay training expenses of such student.