SB 637 - This act establishes the "Intern and Apprentice Recruitment Act". For all tax years beginning on or after January 1, 2024, this act authorizes an income tax credit for taxpayers who hire an intern or apprentice, as such terms are defined in the act. The tax credit shall be equal to $1,500 for each intern or apprentice hired at a pay rate equal to or greater than the minimum wage, provided that the number of interns and apprentices employed during the tax year exceeds the average number of interns and apprentices employed by the taxpayer for the previous three years, and further provided that the interns and apprentices work a certain number of hours, as described in the act. A taxpayer shall not claim a tax credit pursuant to this act that exceeds $9,000 in a tax year, and the total amount of tax credits authorized by the act shall not exceed $1 million per year. Tax credits authorized by the act shall not be refundable or carried forward, and shall not be transferred, assigned, sold, or otherwise conveyed. A taxpayer shall apply for the tax credit to the Department of Economic Development and shall include information on participation in a qualified apprenticeship program or a copy of the official transcript of an intern, as applicable. This act shall sunset on December 31, 2029, unless reauthorized by the General Assembly. This act is substantially similar to a provision in HCS/SS/SCS/SB 92 (2023), as amended, SS/SCS/HCS/HB 417 (2023), and SCS/HCS/HB 1038 (2023). JOSH NORBERG