Corporate Tax Credit In
Apprenticeship And Worksheet
In order to be
eligible for the tax credit:
you must be a
qualified registered apprenticeship program sponsor.
the business must
be classified as a manufacturing establishment according to
the Standard Industrial Classification Manual.
Total Tax Credit Per
Apprentice is the "Lesser" of the Following:
- Credit of $6.00 per hour multiplied by
the total number of hours worked during the Company's Tax
year by apprentices in:
first half of a two or three year term of apprenticeship
first three quarters of a four year term of
- Fifty percent (50%) of actual wages paid
to apprentice in such Tax year.
- Seven Thousand Five Hundred dollars