Income tax credits; increase aggregate amount for certain employers sponsoring employee skills training, and extend repealer.
Approved by Governor
Summary
The bill raises the total amount of income‑tax credits that can be claimed statewide for employer‑sponsored skills training to $2.5 million per year and pushes the program’s sunset to December 31, 2030. It leaves the existing 50 % credit, a $2,500 per‑employee limit, and a five‑year carry‑forward in place, while adding annual reporting requirements for community colleges.
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