CT HB07064

Extends the manufacturing apprenticeship tax credit under Connecticut General Statutes section 12-217g to apply to pass-through entities including S corporations, partnerships, and single-member LLCs.

Allows shareholders or partners of S corporations and partnership entities to claim the apprenticeship tax credit directly, and permits single-member LLC owners to claim the credit on behalf of their disregarded entities.

Maintains the existing credit structure of $6 per hour multiplied by apprentice hours worked, with a maximum annual credit of $7,500 or 50% of actual wages paid, whichever is less.

Removes the prior provision allowing affected business entities to sell, assign, or transfer the credit to other taxpayers.

Effective July 1, 2017, and applies to income and taxable years commencing on or after January 1, 2017.