IL HB3497

Creates a tax credit for wages paid to apprentices in manufacturing, plastics, or construction trades programs certified by the Department of Commerce and Economic Opportunity for tax years beginning January 1, 2019.

Credit amount is limited to the lesser of 50% of wages paid to each apprentice during the taxable year or $4,800 per apprentice.

Qualified apprenticeship programs must be at least 3 years in duration and certified annually by the Department of Commerce and Economic Opportunity.

Unused credits may be carried forward for up to 5 taxable years, applied to tax liability earliest year first.

Credit is exempt from the automatic sunset provision in Section 250 of the Illinois Income Tax Act and takes effect immediately upon enactment.