Establishes tax credits for certain engineering degrees

HB 204 creates tax credits for employers and workers related to engineering degrees. Employers can claim credits for reimbursing tuition (up to 50% of reimbursed amount, capped at 50% of average program tuition) and for paying compensation (10% of salary, up to $15,000 annually or $75,000 total per worker) to new engineering graduates hired after January 1, 2026. Workers themselves receive a $2,500 annual tax credit for five consecutive years (capped at $12,500 total) for holding a qualifying engineering degree from an accredited program. The bill applies only to engineering degrees accredited by ABET or regional bodies, with credits valid through 2031.