Pennsylvania HB963 establishes a tax credit for employers who incur educational expenses for apprentices.
Pennsylvania HB963 amends the Tax Reform Code of 1971 to create the Apprentice Education Expense Tax Credit Program. Employers who incur qualified education expenses for apprentices can claim a tax credit. The credit is equal to 100% of the expenses, up to $3,500 per qualifying apprentice per year. Employers in underserved areas or with apprentices in underserved areas can claim an additional $1,500 credit. The Department of Revenue administers the program, including issuing tax credit certificates and annual reports on credits awarded.
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