Bill > HB1851

This bill establishes an apprenticeship program income tax credit for taxpayers in Hawaii, allowing them to deduct a credit from their income tax liability for certain costs associated with qualified apprenticeship programs. The credit is calculated as the lesser of $4,800 or fifty percent of the "qualified costs," which are defined as wages paid to apprentices, incurred in a taxable year. This credit can be applied for up to two consecutive years and any unused credit can be carried forward to future years. To qualify, the apprenticeship program must be registered and approved by the department of labor and industrial relations, and the taxpayer must be in compliance with all relevant laws and regulations. The taxpayer will need to provide a certified statement from the department of labor and industrial relations to claim the credit, and the director of taxation is authorized to create necessary forms and rules. Importantly, taxpayers cannot claim another credit for the same qualified costs. This provision is set to take effect on July 1, 3000, apply to taxable years beginning after December 31, 2025, and will be repealed on December 31, 2036.