summary
Introduced
09/08/2025
09/08/2025
In Committee
02/11/2026
02/11/2026
Crossed Over
Passed
Dead
Introduced Session
Potential new amendment
104th General Assembly
Bill Summary
Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that, in the case of a credit awarded under the Act for the employment of an apprentice, any requirement of the Act or any agreement entered into under the Act concerning the duration of the apprentice's employment may be satisfied by the employment of the apprentice by the apprenticeship firm, the employment of the apprentice by the commercial client served by the apprenticeship firm, or both. Provides that any worksite requirement imposed under the Act or under any agreement entered into under the Act may be satisfied by the employment of the apprentice at the hiring firm's worksite, the employment of the apprentice at the commercial client's worksite, or both.
AI Summary
This bill amends the Economic Development for a Growing Economy Tax Credit Act (EDGE Tax Credit) to provide more flexibility for employers regarding apprentice employment requirements. Specifically, the bill allows employers to meet employment duration and worksite requirements through either direct employment by the apprenticeship firm, employment by the commercial client served by the firm, or a combination of both. This means that if an apprentice works part-time at the hiring firm's location and part-time at the client's location, or splits their employment between the firm and the client, they can still satisfy the original employment and worksite conditions for the tax credit. The bill aims to create more adaptable workforce development opportunities by removing strict interpretations of employment and location requirements, potentially making it easier for businesses to participate in apprenticeship programs and receive tax credits for training new workers.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
To Tax Credit and Incentives Subcommittee (on 02/26/2026)
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