CT HB05212

Extends the manufacturing apprenticeship tax credit to pass-through entities including S corporations, partnerships, and single-member limited liability companies effective for income years commencing on or after January 1, 2020.

Allows shareholders or partners of S corporations and entities treated as partnerships for federal income tax purposes to claim the credit directly on their personal returns.

Permits owners of single-member limited liability companies disregarded as separate entities to claim the credit on their personal income tax returns.

Maintains the existing credit structure of $6 per hour multiplied by total hours worked, capped at $7,500 or 50% of actual wages paid to apprentices, whichever is less.

Eliminates the previous credit transfer and assignment provisions for affected business entities beginning January 1, 2020, replacing them with pass-through treatment.