Enacts the Joining-Opportunities Business and Schools (JOBS) Act to authorize tax incentives for partnerships between higher education institutions.
The JOBS Act establishes a program for qualified education partnerships between institutions of higher education and private employers. These partnerships aim to develop degree or certificate programs aligned with local workforce needs. The act offers tax incentives, including hiring and development credits, for partnerships that meet specific criteria, such as job placement rates and program completion rates. The chancellor of higher education, in collaboration with the director of development, will oversee the program and certify partnerships to the department of taxation.
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