NC S526

Provides a $1,000 tax credit for each apprentice employed under an apprenticeship agreement registered with the North Carolina Department of Labor.

Apprentice must be employed for at least seven full months during the taxable year to qualify for the credit.

Credit is available for up to four consecutive taxable years per individual apprentice.

Employers must provide written certification from the Apprenticeship and Training Bureau of the North Carolina Department of Labor containing the apprentice's name and taxpayer identification number to claim the credit.

Effective for taxable years beginning on or after January 1, 2014.