Private sector equipment training opportunity program established, and money appropriated.

HF 2129 establishes a program connecting Minnesota students needing specialized equipment training for specific careers (like those listed in state workforce statutes) with private businesses that own such equipment. Businesses participating in the program receive a tax credit equal to the cost of renting the equipment on the private market, up to a specified limit. The program requires the state workforce commissioner to identify training gaps in educational institutions, recruit businesses, and submit annual reports detailing student participation, participating courses, businesses, and tax credit amounts. The bill appropriates funds to cover refunds for excess tax credits and mandates the first report by December 2027.