SB 933 — AN ACT EXTENDING TAX CREDITS FOR APPRENTICESHIP TRAINING PROGRAMS TO AFFECTED BUSINESS ENTITIES AND TO ALL TRADES THAT HAVE REGISTERED APPRENTICESHIPS.

(a) (1) There shall be allowed a credit for any taxpayer against the tax imposed under this chapter or chapter 229, other than the liability imposed by section 12-707, for any income or taxable year with respect to each apprenticeship in the manufacturing trades commenced by such taxpayer in such year under a qualified apprenticeship training program as described in this section, certified in accordance with regulationsadoptedbytheLaborCommissionerandregisteredwiththe Connecticut State Apprenticeship Council established under section 31- 22n, in an amount equal to six dollars per hour multiplied by the total numberLCO of3787 hours\\PRDFS1\SCOUSERS\FORZANOF\WS\2021SB-00933-R01 workedof during4 theSB.docx incomeRaised orBill taxable year by LCO No.

3787933 1number of 5hours Raisedworked Billduring No.933the income or taxable year by apprentices in the first half of a two-year term of apprenticeship and the first three-quarters of a four-year term of apprenticeship, provided the amount of credit allowed for any income or taxable year with respect to each such apprenticeship may not exceed seven thousand five hundred dollars or fifty per cent of actual wages paid in such [income] year to an apprentice in the first half of a two-year term of apprenticeship or in the first three-quarters of a four-year term of apprenticeship, whichever is less.

(b) There shall be allowed a credit for any taxpayer against the tax imposed under this chapter or chapter 229, other than the liability imposed by section 12-707, for any income or taxable year with respect to each apprenticeship in plastics and plastics-related trades commenced by such taxpayer in such year under a qualified apprenticeship training program as described in this section, certified in accordance with regulations adopted by the Labor Commissioner and registered with the Connecticut State Apprenticeship Council established under section 31-22n, which apprenticeship exceeds the averagenumberofsuchapprenticeshipsbegunbysuchtaxpayerduring the five income or taxable years immediately preceding the income or taxable year with respect to which such credit is allowed, in an amount equal to four dollars per hour multiplied by the total number of hours workedLCO during3787 theincome{\\PRDFS1\SCOUSERS\FORZANOF\WS\2021SB-00932 or taxable year by apprenticesinthefirst half of a4 two-yearR01-SB.docx term} ofRaised apprenticeshipBill and the first three-quarters of a LCO No.

3787933 2worked during theincome or taxable year by apprenticesinthefirst half of 5a Raisedtwo-year Billterm No.933of apprenticeship and the first three-quarters of a four-year term of apprenticeship, provided the amount of credit allowed for any income or taxable year with respect to each such apprenticeship may not exceed four thousand eight hundred dollars or fifty per cent ofactual wagespaidin such [income]year to anapprentice in the first half of a two-year term of apprenticeship or in the first three- quarters of a four-year term of apprenticeship, whichever is less.

(d) For income and taxable years commencing on or after January 1, 2022, there shall be allowed a credit for any taxpayer against the tax imposed under this chapter or chapter 229, other than the liability imposed by section 12-707, with respect to each apprenticeship in a trade, other than those trades set forth set in subsections (a) to (c), inclusive, of this section under a qualified apprenticeship training program as described in this section, that is (1) certified in accordance withregulationsadoptedbytheLaborCommissioner,and(2)registeredLCO with3787 the{\\PRDFS1\SCOUSERS\FORZANOF\WS\2021SB-00933-3 Connecticutof State4 ApprenticeshipR01-SB.docx Council} establishedRaised underBill sectionNo. 31-22n.

The933 taxwithregulationsadoptedbytheLaborCommissioner,and(2)registered creditwith shallthe beConnecticut (A)State inApprenticeship anCouncil amountestablished equalunder tosection four31-22n. LCO No.

3787The 3tax credit shall be (A) in an amount equal to four dollars per hour multiplied by the total number of 5hours Raisedcompleted Billby No.each apprentice toward completion of such program, and (B) awarded upon completion and notification of completion of such program in the income or taxable year in which such completion and notification occur, providedtheamountofcreditallowedforsuchyearwithrespecttoeach such apprentice may not exceed five thousand dollars or fifty per cent of actual wages paid over the first four income years for such apprenticeship, whichever is less.

933 dollars per hour multiplied by the total number of hours completed by each apprentice toward completion of such program, and (B) awarded upon completion and notification of completion of such program in the income or taxable year in which such completion and notification occur, providedtheamountofcreditallowedforsuchyearwithrespecttoeach such apprentice may not exceed five thousand dollars or fifty per cent of actual wages paid over the first four income years for such apprenticeship, whichever is less.

Section 1 January 1, 2022, and 12-217g applicable to income and taxable years commencing on or after January 1, 2022 StatementLCO 3787 {\\PRDFS1\SCOUSERS\FORZANOF\WS\2021SB-00933-4 of Purpose:5 R01-SB.docx } Raised Bill No.

To933 extendHED theJoint apprenticeshipFavorable trainingC/R taxFIN creditsLCO to3787 affected{\\PRDFS1\SCOUSERS\FORZANOF\WS\2021SB-00933- business5 entitiesof and5 toR01-SB.docx all} trades that have registered apprenticeships.

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933 [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.] LCO No.

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