Bill > SB325

This bill modifies Maryland's tax credit program for employers who hire apprentices by making several key changes. The definition of an "eligible apprentice" is updated to remove the requirement that apprentices in wage-classified positions must receive at least 50% of the prevailing wage, effectively broadening the pool of qualifying apprentices. The bill extends the tax credit program's termination date from January 1, 2025 to January 1, 2031, giving employers a longer window to take advantage of the credit. Employers can still claim a tax credit of $1,000 for each eligible apprentice, with a special provision of $3,000 for the first five non-youth apprentices. The credit remains subject to a maximum of $15,000 per taxpayer per year and is contingent on available funds in the Apprenticeship Tax Credit Reserve Fund. The changes will apply to taxable years beginning after December 31, 2024, and the bill itself will take effect on June 1, 2025. The goal of the bill appears to be supporting apprenticeship programs by making the tax credit more accessible to employers and extending its availability.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0325?ys=2025RS