Income Tax - Credit for Employers of Eligible Apprentices - Alterations

SB 325 modifies Maryland's tax credit program for employers hiring apprentices. It removes a requirement that apprentices earn at least 50% of the prevailing wage (previously in section 10-742(a)(iii)), making it easier for employers to qualify for the credit. The bill also extends the period during which the credit remains available. This affects Maryland employers who hire apprentices in registered programs, allowing them to claim a $1,000 credit per youth apprentice or $3,000 per non-youth apprentice (with a $15,000 annual limit per employer). The changes aim to support apprenticeship hiring without altering the credit amounts or application process.