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[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9438 Introduced in House (IH)]
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119th CONGRESS
2d Session
H. R. 9438
To amend the Internal Revenue Code of 1986 to provide a credit for
businesses that contribute to educational and workforce training
consortia programs.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
June 24, 2026
Mr. Liccardo (for himself and Mr. Panetta) introduced the following
bill; which was referred to the Committee on Ways and Means
_______________________________________________________________________
A BILL
To amend the Internal Revenue Code of 1986 to provide a credit for
businesses that contribute to educational and workforce training
consortia programs.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Supporting Knowledge through
Industry-Led Learning Act'' or the ``SKILL Act''.
SEC. 2. EDUCATIONAL AND WORKFORCE TRAINING CONSORTIA CREDIT.
(a) In General.--Subpart D 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 new section:
``SEC. 45BB. EDUCATIONAL AND WORKFORCE TRAINING CONSORTIA CREDIT.
``(a) In General.--For purposes of section 38, in the case of any
qualifying employer, the educational and workforce training consortia
credit determined under this section for any taxable year is an amount
equal to the lesser of--
``(1) the sum of--
``(A) $2,500 for each student that earns a degree,
certificate, or credential from a qualifying program
with respect to which such employer is a qualifying
employer during such taxable year, and
``(B) $2,500 for each student that earned such a
degree, certificate, or credential during such taxable
year or the preceding taxable year and which such
employer hired on a full-time basis during such taxable
year, or
``(2) the credit amount allocated to such employer by the
designated state agency under subsection (d) for the calendar
year in which such taxable year begins.
``(b) Qualifying Employer.--For purposes of this section, the term
`qualifying employer' means, with respect to any qualifying program,
any employer that is certified by the designated state agency as making
contributions to such qualifying program, including by--
``(1) participating in curricula development or skills
assessments,
``(2) providing internships, applied learning
opportunities, registered apprenticeship programs, or access to
laboratories, or
``(3) donating cash, equipment, or services.
``(c) Qualifying Program.--For purposes of this section, the term
`qualifying program' means any educational or training program, or
registered apprenticeship, which is--
``(1) operated in coordination with qualifying employers,
``(2) certified by the designated state agency,
``(3) offered by a public college or university, or a
community or technical college, and
``(4) designed to be completed by participants during a
period of 2 years or less.
``(d) Limitation on Allocations.--The designated state agency shall
allocate credit amount to qualifying employers on a competitive basis.
The maximum aggregate credit amount that may be allocated by a
designated state agency to qualifying employers for any calendar year
shall not exceed the limitation amount allocated to such designated
state agency by the Secretary for such calendar year under subsection
(e).
``(e) National Limitation.--
``(1) In general.--The national calendar year credit
limitation is--
``(A) $500,000,000 for each of calendar years 2027
through 2031, and
``(B) zero for each calendar year thereafter.
``(2) Allocation of limitation.--The national calendar year
credit limitation under paragraph (1) for each calendar year
shall be allocated by the Secretary among designated state
agencies in the same proportion that the population of each
State bears to the aggregate population of the States. For
purposes of the preceding sentence, population shall be
determined in accordance with section 146(j).
``(3) Carryover of unused limitation.--If the national
calendar year credit limitation allocated to any designated
state agency for any calendar year exceeds the aggregate amount
allocated by such designated state agency to qualifying
employers for such year, the national calendar year credit
limitation for the succeeding calendar year shall be increased
by the amount of such excess.
``(f) Designated State Agency.--For purposes of this section, the
term `designated state agency' means any agency authorized by the State
to carry out this section with respect to such State.
``(g) Regulations.--The Secretary may issue such regulations or
other guidance as may be necessary or appropriate to carry out the
purposes of this section.''.
(b) Credit Part of General Business Credit.--Section 38(b) of such
Code is amended by striking ``plus'' at the end of paragraph (40), by
striking the period at the end of paragraph (41) and inserting ``,
plus'', and by adding at the end the following new paragraph:
``(42) the educational and workforce training consortia
credit determined under section 45BB(a).''.
(c) Clerical Amendment.--The table of sections for subpart D of
part IV of subchapter A of chapter 1 of such Code is amended by adding
at the end the following new item:
``Sec. 45BB. Educational and workforce training consortia credit.''.
(d) Effective Date.--The amendments made by this section shall
apply to taxable years ending after December 31, 2026.
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