SKILL Act

[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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