Establishes Jumpstart Programs for saving for apprenticeship and trade occupation training.

The Jumpstart Savings Act amends the Internal Revenue Code to establish Jumpstart Programs, which allow individuals to save for qualified occupation, profession, or trade expenses. These programs are exempt from tax under the Internal Revenue Code, but subject to the tax on unrelated business income. Contributions can be made to Jumpstart Accounts, which are treated similarly to qualified tuition programs. The bill also includes provisions for rollovers from qualified tuition programs and requires reports to the Secretary and designated beneficiaries.

Establishes Jumpstart Programs for saving for apprenticeship and trade occupation training.

The Jumpstart Savings Act amends the Internal Revenue Code to establish Jumpstart Programs, which allow individuals to save for qualified occupation, profession, or trade expenses. These programs are exempt from tax under the Internal Revenue Code, but subject to the tax on unrelated business income. Contributions can be made to Jumpstart Accounts, which are treated similarly to qualified tuition programs. The bill also includes provisions for rollovers from qualified tuition programs and requires reports to the Secretary and designated beneficiaries.