Bill > SB709

This bill creates a new tax credit for Oregon businesses that employ qualifying apprentices, defined as individuals between 16 and 30 years old who work at least 500 hours in a tax year. The credit is $1,000 per qualifying apprentice and can be claimed against personal income taxes (ORS chapter 316) or corporate taxes (ORS chapters 317 and 318). Taxpayers must first obtain written certification of eligibility from the Department of Revenue and cannot claim a credit that exceeds their tax liability for the year. Any unused credit can be carried forward for up to three successive tax years. The credit applies to both resident and non-resident taxpayers, with prorated amounts for non-residents. The bill amends existing tax law to incorporate this new apprenticeship credit and specifies that it will take effect for all tax years beginning on or after January 1, 2026. The legislation aims to incentivize businesses to provide apprenticeship opportunities by offering a financial benefit for employing and training young workers, potentially helping to develop workforce skills and support career development for young people.

Budget and Finance

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/SB709