HB217 Summary

• Establishes a $1,000 annual income tax credit for employers hiring qualified apprentices, capped at five apprentices per employer per year.

• Limits individual apprentice eligibility for the credit to four consecutive taxable years.

• Caps cumulative statewide tax credits at $3,000,000 annually for the first two tax years following passage, increasing to $5,000,000 annually for subsequent years.

• Requires apprentices to be at least 16 years old and employed under a written agreement registered with the U.S. Department of Labor's Office of Apprenticeship.

• Mandates the Workforce Development Division of the Department of Commerce to submit annual reports to legislative committees on program effectiveness.