MI HB5649

Creates a corporate income tax credit for employers who train apprentices or employ eligible students in career and technical education programs, effective January 1, 2026.

Credit equals 50% of wages and fringe benefits plus 100% of classroom instruction costs per apprentice, or 50% of wages and benefits per eligible student, capped at $2,000 per individual.

Employers with fewer than 50 employees receive an additional 10% bonus on top of their calculated credit amount.

Credits exceeding tax liability are refundable to the taxpayer.

Requires the Department of Labor and Economic Opportunity to submit annual reports by March 1 detailing credit usage, apprentice participation and completion rates, wage outcomes, and fiscal impact to legislative committees.