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CT SB01079

Bill

Official Source

Status

Passed

6/19/2013

Primary Sponsor

Commerce Committee

Click for details

Origin

Senate

2013 General Assembly

AI Summary

  • Increases the manufacturing apprenticeship tax credit from $4 to $6 per hour of work by apprentices in eligible manufacturing trades
  • Raises the annual credit cap per apprenticeship from $4,800 to $7,500
  • Applies to apprenticeships in the first half of two-year programs or first three-quarters of four-year programs registered with the Connecticut State Apprenticeship Council
  • Credits remain capped at the lesser of the calculated amount or 50 percent of actual wages paid to the apprentice
  • Effective July 1, 2015 for income years commencing on or after January 1, 2015

Legislative Description

An Act Increasing The Manufacturing Apprenticeship Tax Credit.

Last Action

Signed by the Governor

7/11/2013

Committee Referrals

Finance, Revenue and Bonding3/26/2013
Commerce3/7/2013

Full Bill Text

No bill text available