CT SB00370

Establishes tax credit of $4 per hour for apprentices in manufacturing trades during the first half of two-year apprenticeships or first three-quarters of four-year apprenticeships, capped at $4,800 or 50% of wages paid, whichever is less.

Creates tax credit of $4 per hour for apprentices in plastics trades who exceed the average number of such apprenticeships begun by the taxpayer in the preceding five years, with same $4,800 or 50% wage cap.

Allows tax credit of $2 per hour for apprentices in construction trades completing at least four-year qualified programs, capped at $4,000 or 50% of wages paid over four years, awarded upon completion.

Adds new tax credit of $2 per hour for apprentices in biotechnology and computer coding and technology trades completing at least four-year qualified programs, with same terms as construction trades credit.

Requires qualified apprenticeship programs to have 4,000 to 8,000 hours of training and be certified by the Labor Commissioner and registered with the Connecticut State Apprenticeship Council; limits total annual credit to tax liability.