CA AB1569

Allows a $2,000 tax credit against personal income tax and corporation tax for each registered apprentice trained by a taxpayer for taxable years beginning January 1, 2016 through December 31, 2019.

Defines "registered apprentice" as an individual age 16+ who either lacks a high school diploma and is enrolled in high school or GED preparation, or obtained a diploma/GED while participating in an approved apprenticeship program requiring a minimum of 4,000 hours.

Requires the Division of Apprenticeship Standards to establish a certificate application procedure and verify apprentices qualify for the credit, with annual reporting to the Franchise Tax Board.

Allows unused credits to carry over up to four subsequent years, but credits are recaptured if apprentice training terminates, except when termination results from voluntary departure, apprentice disability, apprentice misconduct, or substantial business reduction.

Requires annual reports to legislative committees for five years (2017-2021) detailing the number of participating companies, apprentices trained, hiring outcomes, employment status, and fiscal impact of the credit program.