IL SB0216

Creates an income tax credit for employers who incur qualified education expenses on behalf of qualifying apprentices, effective for tax years ending on or after December 31, 2019.

Credit equals 100% of qualified education expenses, capped at $3,500 per apprentice per taxable year, with a maximum total credit of $3,500 per employer per year.

Qualifying apprentices must be Illinois residents aged 16-30, enrolled full-time in a federally-registered apprenticeship program, and employed in Illinois by the taxpayer claiming the credit.

Qualified education expenses cover tuition, book fees, and lab fees at approved schools, including higher education institutions, federal apprenticeship programs, and other public or private training providers.

Employers must provide the Department of Revenue with apprentice names, ages, taxpayer identification numbers, expense amounts, and school enrollment information for verification purposes.