CT SB01053

Expands apprenticeship training tax credit eligibility to S corporations, partnerships, and single-member limited liability companies, allowing their shareholders, partners, or owners to claim credits previously limited to corporations.

Maintains existing tax credit amounts: $4 per hour for manufacturing and plastics trades apprenticeships (capped at $4,800 or 50% of wages), and $2 per hour for construction trades apprenticeships (capped at $4,000 or 50% of wages over four years).

Extends tax credits to apply against taxes under both the corporate income tax chapter and the pass-through entity tax chapter (Chapter 229), except for certain specified liabilities.

Requires qualified apprenticeship programs to have between 4,000 and 8,000 hours of training and be certified by the Connecticut State Apprenticeship Council.

Effective July 1, 2013, and applicable to income or taxable years commencing on or after January 1, 2013.