CT HB07081

Allows shareholders or partners of S corporations and partnerships to claim the manufacturing apprenticeship tax credit for income years commencing on or after January 1, 2019.

Permits owners of single-member limited liability companies disregarded as separate entities to claim the credit under the same effective date.

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

Applies to apprenticeships in manufacturing trades registered with the Connecticut State Apprenticeship Council and certified by the Labor Commissioner.

Effective July 1, 2019, for income and taxable years commencing on or after January 1, 2019.