House committee substitute to the 1st edition makes the following changes. Amends proposed GS 105-129.16K to allow the credit for employing apprentices employed by the taxpayer for at least nine (was, seven) months of the taxable year. Sets the statute to expire for taxable years beginning on or after January 1, 2018.
Provides that the act applies to apprentices hired on or after the January 1, 2014, effective date.
TAX CREDIT FOR DOL APPRENTICE HIRES.
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| View NCGA Bill Details(link is external) | 2013-2014 Session |
A BILL TO BE ENTITLED AN ACT TO PROVIDE A TAX CREDIT FOR EMPLOYERS WHO PARTICIPATE IN AN APPRENTICESHIP PROGRAM APPROVED BY THE DEPARTMENT OF LABOR.Intro. by Torbett.
Status: Ref to Finance. If fav, re-ref to Appropriations/Base Budget (Senate Action) (May 16 2013)
Bill History:
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Tue, 19 Mar 2013 House: Filed(link is external)
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Wed, 20 Mar 2013 House: Passed 1st Reading(link is external)
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Wed, 20 Mar 2013 House: Ref To Com On Finance(link is external)
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Wed, 8 May 2013 House: Reptd Fav Com Substitute(link is external)
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Wed, 8 May 2013 House: Cal Pursuant Rule 36(b)(link is external)
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Wed, 8 May 2013 House: Withdrawn From Com(link is external)
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Wed, 8 May 2013 House: Re-ref Com On Appropriations(link is external)
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Wed, 15 May 2013 House: Reptd Fav(link is external)
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Wed, 15 May 2013 House: Cal Pursuant Rule 36(b)(link is external)
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Wed, 15 May 2013 House: Placed On Cal For 05/15/2013(link is external)
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Wed, 15 May 2013 House: Passed 2nd Reading(link is external)
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Wed, 15 May 2013 House: Passed 3rd Reading(link is external)
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Thu, 16 May 2013 Senate: Rec From House(link is external)
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Thu, 16 May 2013 Senate: Passed 1st Reading(link is external)
H 341
Bill Summaries:
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Bill H 341 (2013-2014)Summary date: May 8 2013 - View Summary
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Bill H 341 (2013-2014)Summary date: Mar 19 2013 - View Summary
Enacts new GS 105-129.16K to establish a $1,000 tax credit for each employed apprentice for a taxpayer employing an apprentice under an apprenticeship agreement registered with the Apprenticeship and Training Bureau of the Department of Labor. The credit is allowed only if the apprentice was in the taxpayer's employ for at least seven months of the taxable year and allows the credit for an individual apprentice for up to four taxable years. Requires that written certification be made in order to claim the credit. Effective for taxable years beginning on or after January 1, 2014.
View: All Summaries for Bill