AZ HB2062

Establishes the Arizona student apprenticeship pilot program within the Department of Education to provide job training and economic opportunities to high school students, with the program ending December 31, 2027.

Requires participating employers to provide job training, flexible scheduling, and establish interest-bearing accounts where they match at least 10% of each participant employee's wages; employees receive full account balance upon program completion or only their contributions if they do not complete.

Provides tax credits to employers under both individual income tax (section 43-1075) and corporate income tax (section 43-1163) equal to the amount of employer contributions deposited for each employee who successfully completes the program during taxable years 2022-2027.

Limits combined tax credits under both sections to $5,000,000 per calendar year on a first-come, first-served basis, with unused credits allowed to carry forward for up to five consecutive taxable years.

Appropriates $400,000 from the state general fund in fiscal year 2021-2022 to the Department of Education to administer the program.