Provides an income tax credit for taxpayers operating school-to-work programs.
Allows an income tax credit for taxpayers operating school-to-work programs that link students and schools with the workplace. To qualify, the program must comply with the School to Work Opportunities Act of 1994. The credit is equal to one-half of the amount the taxpayer could claim if each participating student was considered a qualifying new full-time employee. The credit is available after the student has been in the program for one year. The act takes effect upon approval by the Governor and applies to tax years beginning after 2024.
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