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JLARC: Customized workforce training credit met completion metrics but usage declined
Summary
JLARC told the committee the B&O tax credit for customized workforce training met the Legislature’s performance threshold for loan repayment and program completion, and staff recommended extending the preference while urging the State Board for Community and Technical Colleges to expand program reach.
JLARC presented its review of a Business & Occupation tax credit that offsets 50 percent of employer costs for customized workforce training delivered through the State Board for Community and Technical Colleges’ program to the House Finance Committee on Jan. 14.
The preference — scheduled to expire July 1, 2026 — reduces training costs by half and is tied to a revolving loan fund that the State Board…
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