Jumpstart Savings Act
To amend the Internal Revenue Code of 1986 to establish Jumpstart Programs for saving for apprenticeship and trade occupation training, and for other purposes.
This bill, HB7115, aims to create Jumpstart Programs that would help people save money for apprenticeships and trade occupation training. These programs would allow individuals to set aside funds for these specific educational purposes, making it easier for them to pursue careers in skilled trades and apprenticeships. The bill proposes to amend the Internal Revenue Code to facilitate these savings.
HB7115 would benefit those interested in apprenticeships and trade occupations by providing a structured way to save for their training. This could help reduce financial barriers and encourage more people to enter skilled trades. By offering tax advantages for these savings, the bill seeks to make trade training more accessible and affordable.
As of January 15, 2026, HB7115 was introduced in the House and referred to the House Committee on Ways and Means. This bill is currently in its initial stages, and further legislative actions will determine its progress and potential enactment.
