An Act to Establish the Loans for Trade Tools Program

Where it is in the process

Plain-English Summary

This bill creates the Loans for Trade Tools Program, offering low-interest loans up to $20,000 for accredited college graduates entering trade professions to buy necessary tools. These loans can be forgiven if the borrower works full-time in their trade for at least five years. Additionally, the bill establishes a nonrefundable tax credit for employers who reimburse new trade employees for tool purchases, capped at 25% of the cost or $5,000 per employee.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

Votes

Sponsorship · 9 Sponsors

Democrat0Republican9Independent0Other0

R · PrimeRussell White
R · CoMark Babin
R · CoLucien Daigle
R · CoWilliam Faulkingham
R · CoTimothy Guerrette
R · CoMathew McIntyre
R · CoHarold Stewart
R · CoJames Thorne
R · CoJames White

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