DE SB33

Establishes a one-time tax credit equal to the amount of a new professional license fee under Title 24 for individuals who are 25 years old or younger or whose income is at or below 130% of federal poverty guidelines.

Tax credit applies only to first-time license fees in the tax year the fee is charged and does not apply to renewal, reciprocity, late payment, or status change fees.

Findings note that nearly 1 in 3 workers nationwide requires a government-issued license, with average licensing costs of $260 in fees plus approximately 1 year of education and training, creating barriers for young and low-income workers.

States that reducing licensing barriers will increase the supply of professionals, increase competition, and lower consumer prices and improve service quality.

References similar legislation passed in Arizona, Florida, and Indiana, with comparable bills introduced in Arkansas, Iowa, Kentucky, Missouri, Michigan, Oklahoma, and West Virginia.