This bill creates a new tax credit to encourage small businesses to hire and train young workers in skilled trades and technical fields. Small business employers can claim a credit equal to 50 percent of wages paid to qualifying employees plus the cost of workers' compensation insurance for those employees, with a maximum credit of $10,000 per year. Qualifying employees include workers under age 21 and those participating in registered apprenticeships or enrolled in career and technical education programs at community colleges or vocational schools related to the employer's business. The tax credit becomes available for wages and expenses paid beginning January 1, 2026, and is intended to help small businesses offset the costs of developing a skilled workforce in occupations like trades and manufacturing.
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