The bill would create a federal tax credit for qualifying small businesses that employ career and technical education students. Employees qualify if they are under 21, in a registered apprenticeship, or enrolled in certain trade-related college or career training programs. The credit would equal 50% of qualifying wages plus qualifying workers’ compensation insurance expenses, up to $10,000 per taxpayer each year. It would apply to amounts paid or incurred in tax years beginning after December 31, 2025. The bill was referred to the House Committee on Ways and Means.
A small business that hires qualifying employees could claim the credit. The bill does not provide a benefit directly to students or other workers.
The credit would count qualifying wages and workers’ compensation insurance expenses. It would be capped at $10,000 per taxpayer per tax year. No publicly available information gives an estimate of the bill’s total cost.
No publicly available information.
No publicly available information.