NJ S2169

Employers receive a $1,000 tax credit per apprentice employed for at least seven months in a U.S. Department of Labor registered apprenticeship program, effective for tax years beginning January 1, 2023

An additional $2,000 credit is available if the apprentice is a veteran, previously received Work First NJ or SNAP benefits, is a displaced worker, or was previously incarcerated

Another $2,000 bonus credit applies if the apprentice belongs to an underrepresented group in their career field based on race, color, religion, national origin, sex, sexual orientation, disability, or age—meaning a qualifying apprentice can generate up to $5,000 in credits

Credits can be claimed for a maximum of four taxable years per apprentice and will be adjusted annually based on the statewide average weekly wage

Apprenticeship programs receiving this credit cannot displace current workers, duplicate existing approved apprenticeship programs, or impair collective bargaining agreements