The bill would create a refundable quarterly credit against certain employer payroll taxes equal to 50% of qualified apprentice wages and registered apprenticeship program expenses, subject to specified limits, including a $5,000 wage cap per apprentice. The credit would apply to eligible employers with registered apprenticeship programs and qualified apprentices, but generally would exclude federally funded expenses and government employers; it would apply to quarters beginning after enactment. The bill would also treat certain apprenticeship-related awards as employee achievement awards, with higher applicable limits, for awards transferred after enactment.

FactVote-generated overview; it is not an official CRS summary.