The proposed bill, H. R. 7852, aims to amend the Internal Revenue Code of 1986 to provide employers with an income tax credit for employees participating in qualified apprenticeship programs. The bill specifies that the credit amount is $1,500 for apprenticeship employees...
Simple Explanation
The bill lets companies save money by getting a tax credit when they train young people in special job programs called apprenticeships. Companies get a bigger credit if the person is under 25 years old.