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LD 1812

An Act To Provide Low-Interest Loans For Accredited College Graduates Entering Trade Professions And An Employer Tax Credit For Trade Tool Reimbursements

132nd Legislature (2025-2026) Introduced by Mark Babin and 8 co-sponsors

Overview: LD 1812, "An Act To Provide Low-Interest Loans For Accredited College Graduates Entering Trade Professions And An Employer Tax Credit For Trade Tool Reimbursements", was

Died in Possession of the Senate when the Legislature adjourned Sine Die and was PLACED IN THE LEGISLATIVE FILES. (DEAD)
#credits #incometax #tradetoolreimbursements
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Bill Summary · LD 1812

Overview: LD 1812, "An Act To Provide Low-Interest Loans For Accredited College Graduates Entering Trade Professions And An Employer Tax Credit For Trade Tool Reimbursements", was introduced on April 25, 2025 and carried over to the next legislative session.

Purpose and Intent: The bill aims to encourage college graduates to pursue careers in trade professions by providing low-interest loans and offering tax credits to employers who reimburse their employees for the cost of trade tools.

Key Provisions:
- Establishes a low-interest loan program for college graduates who enter trade professions
- Provides a tax credit to employers who reimburse their employees for the cost of tools and equipment needed for their trade work

Affected Parties and Impacts: The primary beneficiaries of this bill would be college graduates entering trade professions, as they would have access to low-interest loans to help finance their career transition. Employers in the trades industry may also benefit from the tax credit, which could incentivize them to support their employees' professional development.

Procedural and Timeline Considerations: The bill has been carried over to the next legislative session, which means it will be considered further in the future. The carry-over allows for additional time to gather feedback, make potential amendments, and continue the legislative process.

Compiled from official sources — confirm details with the bill’s official record.

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