An income tax and franchise tax credit for training apprentices

What it would have done

Summary by the Legislative Reference Bureau, the Legislature's nonpartisan drafting office. It's their wording, not ours.

This bill creates an income tax and franchise tax credit for an employer that pays wages to an apprentice who is participating in a two-year to five-year apprenticeship program in which the apprentice is receiving instruction leading to qualification as a skilled journeyman in any of the five industrial manufacturing trades; any of the five private sector service occupations; or any of the five construction trades; with the most projected job openings for new entrants, as determined by the Department of Workforce Development. The amount of the credit is 5 percent of the wages that are paid to an apprentice in a taxable year, but cannot exceed $1,400, except that, in the taxable year in which the apprentice completes the apprenticeship program, the amount of the credit is 8 percent of the wages that are paid to an apprentice, but cannot exceed $3,000. Generally, no employer may claim the credit for taxable years beginning after December 31, 2014, if the number of employers training apprentices does not increase by more than 40 percent from January 1, 2012, to December 31, 2014.

Who's behind it

11 lawmakers are its authors⁠. 9 are Republicans and 2 are Democrats.

1 more lawmaker signed on in support⁠.

What it would cost

State agencies filed a cost estimate. Each opens as a PDF from the Legislature.

• Fiscal Estimate From DOR
• Fiscal Estimate From DWD