| 16 | | - | Section 1. Subsection (a) of section 12-217g of the general statutes, as amended by section 1 of public act 13-265 and section 251 of public act 14-217, is repealed and the following is substituted in lieu thereof (Effective July 1, 2015, and applicable to taxable and income years commencing on or after January 1, 2015): |
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| 17 | | - | |
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| 18 | | - | (a) (1) There shall be allowed a credit for any taxpayer against the tax imposed under this chapter for any income year with respect to each apprenticeship in the manufacturing trades commenced by such taxpayer in such year under a qualified apprenticeship training program as described in this section, certified in accordance with regulations adopted by the Labor Commissioner and registered with the Connecticut State Apprenticeship Council established under section 31-22n, in an amount equal to six dollars per hour multiplied by the total number of hours worked during the income year by apprentices in the first half of a two-year term of apprenticeship and the first three-quarters of a four-year term of apprenticeship, provided the amount of credit allowed for any income year with respect to each such apprenticeship may not exceed seven thousand five hundred dollars or fifty per cent of actual wages paid in such income year to an apprentice in the first half of a two-year term of apprenticeship or in the first three-quarters of a four-year term of apprenticeship, whichever is less. |
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| 19 | | - | |
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| 20 | | - | (2) Effective for income years commencing on and after January 1, 2015, for purposes of this subsection, "taxpayer" includes an affected business entity, as defined in section 12-284b. Any affected business entity allowed a credit under this subsection may use such credit to offset any state tax due or otherwise payable by the taxpayer under chapter 208 or 219, or sell, assign or otherwise transfer such credit, in whole or in part, to one or more taxpayers to offset any state tax due or otherwise payable by such taxpayers under chapter 208, 212 or 227, provided such credit may be sold, assigned or otherwise transferred, in whole or in part, not more than three times. |
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| 28 | + | Section 1. (Effective from passage) The Department of Economic and Community Development shall conduct a study relating to the needs of manufacturers in the state. Not later than January 1, 2016, the department shall submit a report of the results of such study to the joint standing committee of the General Assembly having cognizance of matters relating to commerce, in accordance with the provisions of section 11-4a of the general statutes. |
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