IL SB0139

Establishes an apprenticeship education expense credit for Illinois employers who employ qualifying apprentices, allowing a credit of up to $3,500 per apprentice for tuition, book fees, and lab fees.

Expands the definition of "qualifying apprentice" to include individuals enrolled in U.S. Department of Defense SkillBridge internship programs, in addition to those in federally registered apprenticeship programs.

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.

Limits total tax credits statewide to $5,000,000 per calendar year, distributed on a first-come, first-served basis based on application submission dates.

Requires the Department of Commerce and Economic Opportunity to administer the program, issue tax credit certificates, and report annually to the Governor and General Assembly on credits awarded.