H.R. 9438: SKILL Act
H.R. 9438 status: Referred.
What this bill does
Overall score
Bill summary
No official summary is available for this bill yet.
Key analysis
Impact analysis
Environment
Benefits
- No direct environmental benefit identified
Risks
- No direct environmental risk identified
Economy
Benefits
- Provides tax credits for businesses contributing to workforce training programs.
- Incentivizes employer participation in curriculum development and internships.
- Supports the creation of a skilled workforce through industry-led learning.
Risks
- The credit is capped nationally at $500 million annually for 2027-2031.
- Credit allocation is competitive and managed by state agencies.
Society
Benefits
- Encourages development of short-term (2 years or less) educational programs.
- Facilitates partnerships between businesses and public colleges/universities.
- Aims to improve access to credentials and certifications for students.
Risks
- Benefits are limited to programs offered by public institutions.
How trustworthy & consequential it is
Confidence
highhigh
Information is complete and verified.
Analysis status
Full bill text (Congress.gov)
Source used for this bill's analysis.
The effectiveness of the credit depends on the administrative capacity of designated state agencies.
The tax credit is only available for taxable years ending after December 31, 2026.
Where it stands
Introduced
CompleteCommittee
CurrentReferred
Floor
UpcomingEnacted
UpcomingHow it affects your district
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