This bill, known as the SKILL Act, amends the Internal Revenue Code to create an educational and workforce training consortia credit for qualifying employers. The credit is designed to encourage businesses to contribute to and engage with specific educational and training programs. To be eligible, employers must be certified by a designated state agency for their contributions, which can include participating in curricula development, providing internships, or donating cash, equipment, or services. A qualifying program must be operated in coordination with employers, certified by a state agency, offered by public or community colleges, and designed for completion within two years or less. The credit amount is equal to $2,500 for each student who earns a credential from a qualifying program, or $2,500 for each student hired full-time after earning such a credential. The credit is allocated competitively by state agencies, subject to a national limitation of $500 million annually from 2027 through 2031, with unused amounts carrying over to the next year. This credit will apply to taxable years ending after December 31, 2026.