Michigan HB5649 provides tax credits for employers training apprentices and students in career and technical education programs.

Michigan HB5649 amends the state's corporate income tax law to introduce credits for employers training apprentices and students in career and technical education programs. Employers can claim a credit for each apprentice trained, up to $2,000 per apprentice, and for each eligible student employed in a work-based learning experience. The bill defines "qualified expenses" as those related to training, including tuition, fees, books, and classroom instruction. The Department of Labor and Economic Opportunity must report annually on the use and impact of these credits.

Michigan HB5649 provides tax credits for employers training apprentices and students in career and technical education programs.

Michigan HB5649 amends the state's corporate income tax law to introduce credits for employers training apprentices and students in career and technical education programs. Employers can claim a credit for each apprentice trained, up to $2,000 per apprentice, and for each eligible student employed in a work-based learning experience. The bill defines "qualified expenses" as those related to training, including tuition, fees, books, and classroom instruction. The Department of Labor and Economic Opportunity must report annually on the use and impact of these credits.