Manufacturing Apprenticeship Tax Credit Worksheet
The following is information concerning the Tax Credit for Manufacturing Apprenticeships against the Connecticut Corporate Business Tax imposed under Chapter 208 of the Connecticut General Statutes
Sec. 12-217g-3. Eligibility
Any taxpayer who employs an apprentice duly enrolled and registered under the terms of a qualified Manufacturing Program is entitled to a tax credit for each eligible apprentice of up to $7,500.00 maximum or 50% of actual wages, whichever is less, provided such apprenticeships meet the following requirements:
a) The tax credit is limited to qualified Manufacturing Programs with apprenticeship periods of duration which are not less than 4,000 hours (2 years) and not more than 8,000 hours (4 years).
b) The apprentice must be employed on a full time basis which is defined as working a minimum of 120 hours per month at the trade. Up to 80 hours may be applied during the tax year against the 120 hour limitation.
c) Pre-apprentices are not counted as apprenticeships begun and wages earned by pre-apprentices are not eligible for tax credits under this regulation.
In order to be eligible for the tax credit you must be a qualified registered apprenticeship program sponsor and the business must be classified as a manufacturing establishment according to the Standard Industrial Classification Manual.
Note: A Taxpayer may submit a tax credit for an apprentice up to three (3) years from the due date of the taxpayer's last tax return.