NC H341

Provides a $1,000 annual tax credit for employers who employ apprentices registered with the North Carolina Department of Labor's Apprenticeship and Training Bureau.

Credit is available if the apprentice worked for the employer for at least nine full months during the taxable year.

An employer can claim the credit for the same individual apprentice for up to four taxable years.

Employers must provide written certification from the Department of Labor listing the name and taxpayer identification number of each registered apprentice employed during the taxable year.

Tax credit is effective for taxable years beginning on or after January 1, 2014, and expires for taxable years beginning on or after January 1, 2018.