Bill > HB06310

This bill proposes to modify the existing apprenticeship training tax credit for corporations by increasing the maximum tax credit amount for wages paid to construction trade apprentices from $4,000 to $7,500 per apprentice. The tax credit is designed to incentivize businesses to invest in workforce development by providing financial support to companies that hire and train apprentices in the construction industry. By raising the credit amount, the bill aims to encourage more businesses to participate in apprenticeship programs, potentially helping to address skills gaps, support career pathways for workers, and promote growth in the construction sector. The modification would be made by amending subsection (c) of section 12-217g of the general statutes, which currently governs the corporation business tax credit for apprenticeship training.

Budget and Finance

https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=HB06310&which_year=2025