This Act may be cited as the Technical Reinvestment and Apprenticeship Development through Endowment Sharing Act or the TRADES Act.

(a) In general Section 4968(b)(3) of the Internal Revenue Code of 1986 is amended by striking 8 percent and inserting 15 percent. (b) Funding for Career and Technical Education In addition to any other amounts made available to provide assistance to States under title I of the Carl D. Perkins Career and Technical Education Act of 2006 (20 U.S.C. 2321 et seq.U.S. Code — Title 20, Section 2321 and followingView official source on GovInfo), the Secretary of the Treasury (or the Secretary’s delegate) shall, on an annual basis, transfer to such program, from amounts in the general fund of the Treasury of the United States, an amount determined by the Secretary of the Treasury (or the Secretary’s delegate) to be equal to the increase in revenue for the preceding 12-month period by reason of the amendments made by subsection (a). (c) Effective date The amendments made by this section shall apply to taxable years beginning after the date which is 12 months after the date of enactment of this Act.