S.2669

Establishes a tax credit program for employers training apprentices in manufacturing machine and metal trades.

The bill establishes a manufacturing machine and metal trade apprenticeship tax credit program. It allows employers a credit against the New Jersey gross income tax for wages paid to qualified apprentices. The credit is equal to half the wages paid, up to $7,500 per apprentice per tax year. To qualify, an apprentice must be employed for at least 1,500 hours in a training program lasting up to four years. The program aims to encourage employers to provide structured training, adding skilled workers to New Jersey's labor market.