CT SB00098

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, 2022

Manufacturing trades credit allows $6 per hour for apprentices in first half of two-year terms or first three-quarters of four-year terms, capped at $7,500 or 50% of actual wages paid, whichever is less

Plastics trades credit allows $4 per hour for apprenticeships exceeding the taxpayer's five-year average, capped at $4,800 or 50% of actual wages paid, whichever is less

Construction trades credit allows $2 per hour for completed apprenticeships that are at least four years in duration, capped at $4,000 or 50% of wages paid over four years, whichever is less

Effective July 1, 2022, for income or taxable years commencing on or after January 1, 2022; qualified apprenticeship programs must require 4,000 to 8,000 hours and be registered with the Labor Department