US HB7115

Creates tax-exempt "Jumpstart Programs" administered by states, similar to 529 college savings plans, allowing individuals to save for apprenticeship and trade occupation training expenses

Qualified expenses include Department of Labor-certified apprenticeship programs, community college associate degrees and certifications, trade licensure fees, tools and equipment purchases, and business startup costs

Allows tax-free rollovers from existing 529 college savings plans to Jumpstart accounts for the beneficiary or family members

Requires program administrators to file reports with the Secretary of the Treasury regarding contributions, distributions, and other account activity

Effective for taxable years beginning after December 31, 2025