New Jersey S2195 offers tax credits to businesses for employing apprentices in registered apprenticeships.

New Jersey S2195 provides businesses with tax credits for employing apprentices in Department of Labor registered apprenticeships. The credit is $1,000 per apprentice per taxable year, with an additional $2,000 credit if the apprentice is a veteran, was eligible for certain assistance programs, is a displaced worker, or was previously incarcerated. An additional $2,000 credit is available if the apprentice belongs to a group underrepresented in their career field. These credits are additive, potentially totaling $5,000 per qualifying apprentice.

New Jersey S2195 offers tax credits to businesses for employing apprentices in registered apprenticeships.

New Jersey S2195 provides businesses with tax credits for employing apprentices in Department of Labor registered apprenticeships. The credit is $1,000 per apprentice per taxable year, with an additional $2,000 credit if the apprentice is a veteran, was eligible for certain assistance programs, is a displaced worker, or was previously incarcerated. An additional $2,000 credit is available if the apprentice belongs to a group underrepresented in their career field. These credits are additive, potentially totaling $5,000 per qualifying apprentice.