Establishes manufacturing machine and metal trade apprenticeship tax credit program.

This bill creates a tax credit for New Jersey manufacturing employers who train apprentices in machine and metal trades. It allows a credit equal to 50% of an apprentice's wages (up to $7,500 per year) for workers employed at least 1,500 hours annually in structured training programs. The program requires apprenticeships to include wage progression, defined job training, and course instruction leading to skilled worker designation in occupations like machinists, toolmakers, or moldmakers. The credit applies to both corporate privilege tax and gross income tax for tax years beginning January 1, 2016, and is nonrefundable.