Establishes "New Jersey Earn and Learn Program;" provides tax credits for employers providing structured apprenticeships and paid internships.
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Progress
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- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill establishes the "New Jersey Earn and Learn Program," designed to encourage apprenticeships and paid internships by offering tax credits to employers. Employers who hire individuals into these structured training programs can receive credits against their state corporate or income taxes. The program is overseen by the Department of Labor and Workforce Development, in collaboration with the Department of Education and the Economic Development Authority, and includes provisions to incentivize hiring from underrepresented groups and ensure successful transitions to full-time employment.
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