A BILL FOR AN ACT to amend the Indiana Code concerning professions and occupations.

Plain English Breakdown

Checked against official source text during the last sync.

Indiana Apprenticeship Tax Credit and Licensing Act

This bill creates a tax credit for employers who hire apprentices and sets rules for licensing professionals in Indiana.

What This Bill Does

• Creates a nonrefundable tax credit of $2,500 for each apprentice an employer hires.
• Sets procedures for employers to claim the apprenticeship tax credit.
• Requires a board to issue licenses or permits to individuals who meet certain conditions to practice their occupation in Indiana.

Who It Names or Affects

• Employers who hire apprentices
• Individuals seeking occupational licenses or permits in Indiana

Terms To Know

Apprenticeship tax credit

A reduction in taxes for employers who hire apprentices.

Eligible employer

An employer that can claim the apprenticeship tax credit by hiring apprentices.

Limits and Unknowns

• The bill does not specify when the tax credit and licensing rules will take effect.
• It is unclear which board or agency will issue licenses and permits to individuals.

Official Summary Text

A BILL FOR AN ACT to amend the Indiana Code concerning professions and occupations.
Workforce development incentives.

Current Bill Text

A BILL FOR AN ACT to amend the Indiana Code concerning professions and occupations.

Workforce development incentives.

Provides for a nonrefundable apprenticeship tax credit (credit) for an eligible employer. Provides that the amount of the credit is $2,500 for each apprentice employed. Specifies procedures for claiming the credit. Requires a board to issue a license, certificate, registration, or permit to an individual to allow the individual to practice the individual's occupation in Indiana if the individual satisfies certain conditions.