SKILL Act Supporting Knowledge through Industry-Led Learning...
To amend the Internal Revenue Code of 1986 to provide a credit for businesses that contribute to educational and workforce training consortia programs.
The SKILL Act, officially known as the Supporting Knowledge through Industry-Led Learning Act, proposes to amend the Internal Revenue Code to offer tax credits for businesses that contribute to educational and workforce training consortia programs. This means companies that invest in these programs could get a tax break as a reward for their investment in training the workforce.
This bill would primarily affect businesses that engage in workforce training programs, as well as the educational institutions and consortia they support. By providing financial incentives, the bill aims to encourage more companies to invest in training their employees, which could lead to a more skilled workforce and potentially lower unemployment rates.
HB9438 was introduced on June 24, 2026, and was immediately referred to the House Committee on Ways and Means. This committee will review the bill, potentially hold hearings, and decide whether to advance it further in the legislative process.
