HB2002 Summary

• Establishes the Arizona Student Apprenticeship Pilot Program within the Department of Education to provide job training and economic opportunities to high school students, operating through December 31, 2026.

• Requires participating employers to provide job training, flexible scheduling, and maintain interest-bearing accounts where they deposit employer contributions matching each participant employee's designated wage percentage (minimum 10%).

• Provides tax credits to employers equal to the employer contributions deposited and disbursed to employees who successfully complete the program, available for both corporate (section 43-1075) and other business entity (section 43-1163) taxpayers.

• Caps aggregate annual tax credits at $5,000,000 combined across both credit sections on a first-come, first-served basis, with unused credits eligible for carryforward up to five taxable years.

• Appropriates $400,000 from the general fund to the Department of Education in fiscal year 2020-2021 to administer the program.