IL SB2173

Renames Section 229 to Section 231 of the Illinois Income Tax Act to establish the Apprenticeship Education Expense Credit.

Allows employers to claim a tax credit equal to 100% of qualified education expenses (tuition, books, lab fees) up to $3,500 per qualifying apprentice per year for taxable years 2020-2025.

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

Expands the definition of qualifying apprentice to include individuals employed through the United States Department of Defense SkillBridge internship program.

Caps total tax credits at $5,000,000 per calendar year, with awards distributed on a first-come, first-served basis based on application submission date.