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Bill > HB06435
CT HB06435
CT HB06435An Act Extending The Manufacturing Apprenticeship Tax Credit To Pass-through Entities.
summary
Introduced
02/10/2021
02/10/2021
In Committee
04/26/2021
04/26/2021
Crossed Over
Passed
Dead
06/09/2021
06/09/2021
Introduced Session
2021 General Assembly
Bill Summary
To allow pass-through entities to claim the manufacturing apprenticeship tax credit against the personal income tax or the affected business entity tax.
AI Summary
This bill allows pass-through entities, such as S corporations and partnerships, to claim the manufacturing apprenticeship tax credit against the personal income tax or the affected business entity tax. Previously, this credit was only available to traditional corporations. The bill also expands the eligibility of the apprenticeship tax credit to include apprenticeships in the construction trades, in addition to the existing manufacturing trades. The credit amounts and limitations remain unchanged.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (5)
Other Sponsors (1)
Commerce Committee (Joint)
Last Action
Referred by House to Committee on Finance, Revenue and Bonding (on 04/26/2021)
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB06435&which_year=2021 |
| Fiscal Note For File Copy 161 | https://www.cga.ct.gov/2021/FN/PDF/2021HB-06435-R000161-FN.PDF |
| Bill Analysis For File Copy 161 | https://www.cga.ct.gov/2021/BA/PDF/2021HB-06435-R000161-BA.PDF |
| Bill | https://www.cga.ct.gov/2021/TOB/H/PDF/2021HB-06435-R01-HB.PDF |
| Bill | https://www.cga.ct.gov/2021/TOB/H/PDF/2021HB-06435-R00-HB.PDF |
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