A corporate tax credit is available in the manufacturing trade areas. 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.
Total Tax Credit Per Apprentice is the lesser of the Following:
- Credit of $4.00 per hour multiplied by the total number of hours worked during the Company's Tax year by apprentices in: first half of a two or three year term of apprenticeship or first three quarters of a four year term of apprenticeship OR
- Fifty percent (50%) of actual wages paid to apprentice in such Tax year OR
- Four Thousand Eight Hundred dollars ($4,800.00)
For additional information about the apprenticeship tax credit, please contact the Connecticut Department of Labor, 200 Folly Brook Blvd., Wethersfield, CT 06109, (860) 2636585.
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