Enact the Joining-Opportunities Business and Schools (JOBS) Act
Take action
Record your position on this measure.
Create an account to record your position, submit testimony, or contact your legislator.
Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Overview
The Joining-Opportunities Business and Schools (JOBS) Act creates a program to encourage partnerships between higher education institutions and private employers. It offers tax incentives to schools that develop degree or certificate programs aligned with local workforce needs, requiring significant contributions from the private sector. Private employers who invest in these programs can apply for tax credits based on student completion and job placement rates, aiming to strengthen workforce development and connect education with industry demands.
Key provisions
- Establishes a qualified education partnership program between higher education institutions and private employers.
- Provides tax incentives (development and hiring credits) for private employers who contribute to these partnerships.
- Requires a minimum completion rate (70%) for qualified education partnerships to qualify for tax credits.
- Sets job placement rate requirements (70%) for hiring tax credits.
- Institutions must publish program completion and job placement data.
- Partnerships must align with industry standards and lead to recognized credentials.
- Revenue sharing agreements must comply with Department of Education regulations.
- Credits are capped at 20% of qualifying expenses for development partnerships and $1,000 per graduate for hiring partnerships.
Who is affected
- Higher Education Institutions
Bill text
Read the latest version inline or switch to a previous version.
Document of record
- Version
- As Introduced
- Published
- Not published in the source record
This version is published only as a document. Open the viewer to read it here, or download the file.
Sponsors
Official sponsors from legislative records.
2 on record
Primary sponsors
Arguments
Reasons offered for and against this legislation.
Arguments in favor
No arguments in favor have been submitted.
Submit yoursArguments opposed
No arguments opposed have been submitted.
Submit yours