New SKILL Act Offers Tax Credits to Companies Funding AI Workforce Training at Colleges

Rep. Sam Liccardo unveils the SKILL Act, offering companies up to $5,000 in tax credits per student to fund AI workforce training at community colleges and public universities, backed by $500 million in annual authority and supported by Nvidia and major industry groups.

• Rep. Sam Liccardo, D-CA, unveils the SKILL Act, a bill offering tax credits to private companies that fund AI-focused training programs at community colleges and public universities.
• The legislation authorizes $500 million in annual tax credit authority distributed to states per capita, with employers receiving $2,500 per student who completes a qualified program and an additional $2,500 for each graduate they hire.
• The bill is gaining broad support from Rep. Jimmy Panetta, Nvidia, and industry groups including TechNet and the American Association of Community Colleges, as workforce retraining proposals surge nationwide in response to AI-driven job displacement.