Enacts new GS 105-129.16H 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.
APPRENTICESHIP PROGRAM TAX CREDIT.
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View NCGA Bill Details | 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 NORTH CAROLINA DEPARTMENT OF LABOR.Intro. by Bingham.
Status: Ref To Com On Finance (Senate Action) (Apr 1 2013)
Bill History:
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Thu, 28 Mar 2013 Senate: Filed
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Mon, 1 Apr 2013 Senate: Passed 1st Reading
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Mon, 1 Apr 2013 Senate: Ref To Com On Finance
S 526
Bill Summaries:
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Bill S 526 (2013-2014)Summary date: Mar 28 2013 - View Summary
View: All Summaries for Bill