Bill · S. 2664· Senate(119-S-2664)
Skilled Workforce Act
- Introduced
- 8/1/2025
- Last activity
- 8/1/2025 — Read twice and referred to the Committee on Finance.
- Sponsored by
- Jon Ossoff
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
The Skilled Workforce Act seeks to amend the Internal Revenue Code of 1986 to create a new tax credit. This credit is designed for eligible taxpayers to invest in workforce training projects. These projects are intended to help eligible institutions address skills gaps and workforce shortages in specific high-demand industries. The credit amounts to 30 percent of the qualified investment for the taxable year. A program will be established to certify these projects, with a total credit cap of $500,000,000.
Yes· 3 of 13
Would Native Americans be better off under this?+5
The bill specifically includes Tribal Colleges and Universities as eligible institutions for the workforce training credit.
Would people in rural areas be better off under this?+5
The bill includes specific provisions to prioritize support for rural public secondary schools within the program's allocation.
Is this likely to create jobs?+5
By incentivizing training in high-demand industries like manufacturing and energy, the bill aims to address workforce shortages and promote employment.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Support for High-Demand Industries: The bill targets specific sectors including advanced, high-tech, semiconductor, and industrial manufacturing, advanced energy, construction, and transportation (Section 2(a)(1)). This could help address workforce shortages in these critical fields.
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Benefits for Educational Institutions: The credit provides funding for eligible institutions—such as community colleges, public secondary schools, and vocational institutions—to expand their facilities and training capabilities (Section 2(a)(1) and 2(a)(3)).
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Increased Training Opportunities: By providing credits for property used for construction, renovation, or infrastructure upgrades, the bill aims to expand high-quality, skills-based training and workforce opportunities (Section 2(a)(3)).
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Focus on Specific Student Needs: The selection criteria for projects include consideration for those that provide accommodations or supportive services to individuals enrolled at eligible institutions (Section 2(d)(3)).
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Prioritization of Underserved Schools: The program includes a cap that ensures a significant portion of funds are available for projects involving specific types of institutions, such as rural public secondary schools or those receiving specific federal assistance (Section 2(d)(1)).
Potential Negative Impacts for People
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Limitations on Total Funding: There is a cap on the total amount of credits that may be allocated under the program at $500,000,000 (Section 2(d)(1)).
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Restrictions on Non-Specific Institutions: Not more than $400,000,000 of the total credit may be allocated to projects that do not involve certain types of public secondary schools or local educational agencies (Section 2(d)(1)).
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Exclusion of Certain Entities: Taxpayers that are classified as a "foreign entity of concern" are not considered eligible taxpayers for this credit (Section 2(a)(2)).
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Restrictions on Benefits: To prevent a "double benefit," taxpayers cannot claim a deduction under section 170 for investments that are also used to claim this credit (Section 2(e)(1)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Native Americans+5Good For Rural Residents+5Good For Low Income Households+4Good For Young Adults+4
- Economy And Finance
- Increases Job Creation+5Improves Economic Growth+4Reduces Small Business Taxes+3
- Education And Technology
- Increases Public School Funding+5Increases Scientific Research Funding+3
- Environment Energy And Infrastructure
- Increases Renewable Energy Investment+4Improves Roads And Bridges+2
- Social Issues And Justice
- Improves Poverty Reduction+3
- National Security And Foreign Policy
- Improves Cybersecurity Defense+2
- 8/1/2025
- Read twice and referred to the Committee on Finance.
- Introduced in Senate