Apprenticeship Educational Expense Tax Credit
Apprenticeship Educational Expense Tax Credit
Please join the Office of Business Development and Regional Economic Development with the Illinois Department of Commerce and Economic Opportunity as Sharon Polk discusses the Illinois Apprenticeship Educational Expense Tax Credit. Employers are allowed a tax credit for qualified educational expenses associated with qualifying apprentices. Under this program employers may receive a credit of up to $3,500 per apprentice against the taxes imposed by subsections (a) and (b) of Section 201 of the Illinois Income Tax Act, and an additional credit of up to $1,500 for each apprentice if (1) the apprentice resides in an underserved area or (2) the employer's principal place of business is located in an underserved area.
Date and Time: Tuesday, August 30, 2022 2:00 pm
Event Address for Attendee Registration: https://bit.ly/3A2mGXE Registration is required