An Act To Provide Low-Interest Loans For Accredited College Graduates Entering Trade Professions And An Employer Tax Credit For Trade Tool Reimbursements
Died in Possession of the Senate when the Legislature adjourned Sine Die and was PLACED IN THE LEGISLATIVE FILES. (DEAD)
Summary
The bill would let recent graduates of accredited colleges who earned a trade degree borrow up to $20,000 at 2% interest to buy tools, with repayment over ten years and possible forgiveness after five years of full‑time work. It also gives qualifying employers a non‑refundable credit of 25% of tool‑reimbursement costs, capped at $5,000 per employee, for the first year of employment. The program is funded with $1 million per year for the 2026‑27 biennium, but the measure died in the Senate.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Track this bill
Get an email when LD 1812 moves: committee action, floor votes, amendments and hearings. Free, no card.
Track LD 1812 freeOr ask your AI assistant about LD 1812 directly:
Add to Claude, ChatGPT or Cursor