CT HB06435

Extends manufacturing apprenticeship tax credits to pass-through entities (S corporations, partnerships, and single-member LLCs) for taxable years commencing on or after January 1, 2021, allowing shareholders, partners, or owners to claim credits directly.

Repeals and replaces Connecticut General Statute Section 12-217g, effective July 1, 2021, for income or taxable years commencing on or after January 1, 2021.

Maintains existing tax credit structure for three apprenticeship categories: manufacturing trades ($6 per hour, up to $7,500), plastics trades ($4 per hour, up to $4,800), and construction trades ($2 per hour, up to $4,000).

Limits credit transfers for taxable years before January 1, 2021 to three times maximum, while eliminating transfer restrictions for taxable years commencing on or after January 1, 2021.

Requires apprenticeships to be certified by the Labor Commissioner, registered with the Connecticut State Apprenticeship Council, and comprise 4,000 to 8,000 hours of training for qualification.