Connecticut House Bill HB05636

Connecticut 2016 Regular Session

• Introduced: 3/17/16
• Refer: 3/17/16
• Report Pass: 3/31/16
• Refer: 4/11/16
• Report Pass: 4/18/16
• Engrossed: 5/3/16
• Report Pass: 5/3/16
• Chaptered: 5/23/16
• Enrolled: 5/25/16
• Vetoed: 6/9/16

Caption

An Act Concerning The Apprenticeship Tax Credit And The Tax Credit Report.

Impact

The bill represents a significant push towards economic development by promoting apprenticeship programs, which are vital for supplying skilled labor in production-oriented industries. The amendment also mandates the Legislative Program Review and Investigations Committee to conduct periodic reviews of tax credit programs, ensuring that there is ongoing oversight and evaluation of their effectiveness. The efforts to bolster apprenticeship training could potentially yield long-term benefits for the state's economy by equipping workers with essential skills that match industry demands.

Summary

House Bill 5636, also known as An Act Concerning The Apprenticeship Tax Credit And The Tax Credit Report, is focused on providing tax credits to businesses that employ apprentices in manufacturing trades. Specifically, it establishes a credit of six dollars per hour for each apprentice under a qualified training program, with a cap that limits the credit available for businesses to seventy-five hundred dollars or fifty percent of wages paid. This initiative is aimed at incentivizing companies to participate in apprenticeship programs, thereby fostering workforce development within the state and enhancing skill sets required in the labor market.

Sentiment

Overall, the sentiment surrounding HB 5636 is positive, with various stakeholders expressing support for the initiative. Proponents argue that the bill is a logical step towards addressing workforce shortages in critical sectors and providing young individuals with alternatives to traditional college routes. However, some critics may raise concerns regarding the effectiveness of tax credits and whether they genuinely lead to more employment opportunities or if they simply serve as a financial incentive without significant increases in apprenticeship placements.

Contention

While the bill aims to enhance workforce training through financial incentives, there may be contention over its implementation. Critics could raise questions about the criteria used to determine eligibility for the tax credits and whether the seven thousand five hundred dollar cap is sufficient to encourage widespread participation from smaller businesses. Additionally, the need for adequate oversight of the effectiveness and reach of these programs could lead to debates about bureaucratic efficiency and the appropriate allocation of state resources towards these credits.