Jobs for a Carbon Free Transportation System Act

This bill creates a federal grant program to fund "low carbon corridors" connecting different transportation systems (like public transit, bike lanes, and electric vehicle infrastructure) to reduce emissions and improve connectivity. It establishes value capture financing mechanisms through tax increment districts to fund transportation infrastructure and expands tax-exempt bonds for transit-oriented development. The bill also creates a grant program to help workers transition from fossil fuel industries to sustainable jobs and establishes a National Employment Corps to guarantee employment for those displaced by the energy transition. Local governments, transit agencies, and communities near transportation hubs would directly benefit from these provisions, while requiring projects to follow prevailing wage laws.