Provides a tax credit for businesses contributing to educational and workforce training consortia programs.
The SKILL Act amends the Internal Revenue Code to introduce a tax credit for businesses contributing to educational and workforce training consortia programs. These programs must be completed in two years or less and offered by public colleges or universities. The credit is limited to $2,500 per student who earns a degree, certificate, or credential from a qualifying program and is hired by the employer on a full-time basis. The credit is allocated by the Secretary among designated state agencies based on state population. The amendments apply to taxable years ending after December 31, 2026.
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