IL SB2925

Expands the Illinois apprenticeship education expense tax credit to include participants in the U.S. Department of Defense SkillBridge internship program as qualifying apprentices

Provides a flat $3,500 tax credit per qualifying apprentice hired through the SkillBridge program, which helps transitioning service members gain civilian work experience

Maintains existing credit structure for traditional apprentices: 100% of qualified education expenses up to $3,500 per apprentice for tuition, book fees, and lab fees

Allows an additional $1,500 credit if the apprentice resides in an underserved area or if the employer's principal place of business is located in an underserved area

Caps total annual tax credits under this program at $5,000,000 statewide, with credits awarded on a first-come, first-served basis