NC H690

Allows employers a tax credit equal to 50% of the product of hours worked by a qualifying apprentice multiplied by the apprentice's hourly wage for which withholding payments are remitted.

Defines a "qualifying apprentice" as either: (1) an employee enrolled in a state-licensed apprenticeship, working at least 40 hours per week at above minimum wage with documented supervised instruction and approved work, or (2) an employee defined as an apprentice under G.S. 115D-11.10.

Applies the credit to both individual income taxes (Part 1 of Article 4, Chapter 105) and corporate income taxes (Part 2 of Article 4, Chapter 105).

Requires taxpayers to maintain records and obtain documentation from the relevant licensing board or State Board of Community Colleges verifying the apprentice's enrollment status and apprenticeship term.

Effective for taxable years beginning on or after January 1, 2019.