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.
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.
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