What does Preamble of SKILL Act do?

This bill proposes to amend the Internal Revenue Code of 1986. The proposed amendment would provide a tax credit for businesses. The tax credit is specifically for contributions made to educational and workforce training consortia programs.

What does SHORT TITLE. of SKILL Act do?

This Act is formally titled the "Supporting Knowledge through Industry-Led Learning Act".

What does EDUCATIONAL AND WORKFORCE TRAINING CONSORTIA CREDIT. of SKILL Act do?

This section amends the Internal Revenue Code of 1986 to establish an educational and workforce training consortia credit. Qualifying employers can receive a credit based on the lesser of $2,500 per student earning a degree, certificate, or credential, or an amount allocated by a designated state agency. A 'qualifying employer' is certified by a designated state agency and contributes to a 'qualifying program' through various means, such as participating in curricula development or providing internships. A 'qualifying program' must be operated in coordination with employers, certified by a state agency, offered by a public or technical college, and designed to be completed within two years. The maximum aggregate credit amount a designated state agency can allocate is capped at $500,000,000 annually through 2031, and zero thereafter. The national credit limitation is allocated among states based on population. The amendments apply to taxable years ending after December 31, 2026.

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SKILL Act

Last updated: 6/24/2026 · Introduced: 6/24/2026

Author: Sam Liccardo (D-CA)

TL;DR (AI)

The SKILL Act establishes a federal tax credit for businesses that contribute to educational and workforce training programs.
Qualifying employers can receive a credit of up to $2,500 per student for contributions to programs coordinated with employers and offered by public or technical colleges.
The bill limits the total annual tax credit allocation to $500 million through 2031, distributed among states based on population.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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