Job Training Amendments to the IRA

Job Training Amendments to the IRA - Amends the Internal Revenue Code to provide that no additional tax will be imposed on the first $4,000 of payments or distributions from an individual retirement account used by the taxpayer solely to obtain job training or retraining for the taxpayer. Requires that the payments or distributions must be made in reasonable anticipation of the unemployment of the taxpayer or within two years after the taxpayer has become unemployed. Requires all distributions or payments to be made within two years after the first payment or distribution.