Income Tax - Credit for Employers of Eligible Apprentices - Alterations

HB 1047 modifies Maryland's tax credit program for employers who hire eligible apprentices by removing a requirement that apprentices earn at least 50% of the prevailing wage. This change directly affects employers who hire apprentices in registered programs, making it easier for them to qualify for the credit. The bill retains the $1,000 credit per apprentice (with a $3,000 higher credit for non-youth apprentices among the first five hired) but eliminates the prior wage verification step. It also extends the program's termination date and updates administrative details for the credit. The change simplifies the process for employers while maintaining the credit's core structure.