Manufacturing Apprenticeship Tax Credit

Due to the current and impending shortage of skilled craft workers in the manufacturing trades in Connecticut, corporations who employ an apprentice will be entitled to the Tax Credit for Manufacturing Apprenticeships.

Corporations claiming this tax credit must have a qualified apprenticeship training program:

  • Certified in accordance with regulations adopted by the Connecticut Department of Labor
  • Registered with theConnecticut State Apprenticeship Council

The apprenticeship program must meet the following requirements:

  • The apprenticeship period must be at least 4,000 hours (two years) but not more than 8,000 hours (four years)
  • Each apprentice must be employed on a full-time basis, a minimum of 120 hours per month

Some examples of crafts that are eligible for the Manufacturing Trades tax credit are:

  • Machinist
  • Toolmakers
  • Tool and Diemaker
  • Tool and Machine Setter
  • Machine Tool Repairer

To claim your credit, Department of Labor will compute the tax credit and issue a Corporate Tax Credit Certification letter to the taxpayer.

For more information on the Manufacturing Apprenticeship Tax Credit please contact:

Connecticut Department of Labor

Office of Apprenticeship Training

200 Folly Brook Blvd

Wethersfield, CT 06109

860-263-6085

www.ctapprenticeship.com

Statutory and Regulation References: Conn.Gen.Stat. §§12-217g and 31-22n; Conn.Agencies Regs. §§ 12-217g-1 through 12-217g-10

About the author:

Tom Scanlon, CPA, CFP®

Tom Scanlon has over twenty-five years experience in public accounting with an extensive background in the areas of financial, tax and estate planning. Find Tom on Google+

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