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Tax Credits for Hiring Pre-Apprenticeship Graduates and Foster Youth

This act modifies tax credits for businesses that hire individuals who have completed pre-apprenticeship programs or youth transitioning out of foster care. The goal is to help these groups enter the workforce and secure stable employment. Businesses can benefit from lower taxes if they meet specific conditions.
Key points
Construction industry employers can re-claim tax credits for repeat employees if they participate in workforce development programs.
The work opportunity tax credit is expanded to include graduates of qualified pre-apprenticeship programs leading to apprenticeships.
A new tax credit is introduced for hiring young adults (up to age 27) who have transitioned out of foster care.
The aim is to support employment and career development for individuals who may face challenges in finding work.
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Additional Information
Print number: 117_HR_3986
Sponsor: Rep. Davis, Danny K. [D-IL-7]
Process start date: 2021-06-17