Connecticut Senate Bill SB00536

Connecticut 2013 Regular Session

• Introduced: 1/24/13
• Refer: 1/24/13

Caption

An Act Establishing A Tax Credit For Businesses That Provide Scholarships To Students In Manufacturing Training Programs.

Impact

The implementation of SB00536 would have several implications for state laws regarding education, taxes, and workforce development. By creating a tax credit specifically for companies that support manufacturing training, the state would recognize and reward businesses taking an active role in shaping the future workforce. This could lead to increased job placement rates for students who complete these training programs, directly benefiting the manufacturing sector and the state economy.

Summary

SB00536 is a proposed act aimed at establishing a tax credit for businesses that provide scholarships to students enrolled in manufacturing training programs within the state. The legislation is intended to incentivize businesses to contribute to workforce development by assisting students in gaining access to training in high-demand manufacturing fields. By encouraging such partnerships between businesses and educational institutions, the bill aims to strengthen the local workforce and ensure that students are equipped with the skills necessary for available job opportunities.

Contention

While proponents may argue for the necessity of this tax credit to stimulate job training and address workforce shortages in manufacturing, potential points of contention could arise around the allocation of state funds for these credits. Critics might question whether tax incentives are the most effective means of achieving educational and economic goals, particularly if the benefits of such a program do not equitably reach students in all demographics or regions within the state. Additionally, discussions around the sustainability of providing such credits could be a matter of legislative debate.