IL SB2953

Expands the apprenticeship education expense credit under the Illinois Income Tax Act to include apprentices hired through the United States Department of Defense SkillBridge internship program.

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

Caps total annual credits statewide at $5,000,000, distributed on a first-come, first-served basis based on application submission date.

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