AN ACT CONCERNING ELIGIBILITY FOR THE APPRENTICESHIP TRAINING TAX CREDIT.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

Section 1. Subsection (c) of section 12-217g of the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2006):

(c) There shall be allowed a credit for any taxpayer against the tax imposed under this chapter for any income year with respect to wages paid to apprentices in the construction trades by such taxpayer in such year that the apprentice and taxpayer participate in a qualified four-year apprenticeship training program, as described in this section, which [(1) is jointly administered by labor and management trustees, (2)] (1) is administered pursuant to 29 USC Section 186(c), [(3)] (2) is certified in accordance with regulations adopted by the Labor Commissioner, and [(4)] (3) is registered with the Connecticut State Apprenticeship Council established under section 31-22n. The tax credit shall be in an amount equal to two dollars per hour multiplied by the total number of hours worked during the income year by apprentices, provided the amount of credit allowed for any income year with respect to each such apprentice may not exceed one thousand dollars or fifty per cent of actual wages paid in such income year for such apprenticeship, whichever is less.

Statement of Purpose:

To expand eligibility for apprenticeship training tax credit.

[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]