Connecticut 2019 Regular Session

Connecticut House Bill HB07081 Compare Versions

Version 1 (Old)

Version 2 (New)

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3		-	LCO 3539 \\PRDFS1\HCOUSERS\BARRYJN\WS\2019HB-07081-R01-
4		-	HB.docx
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	3	+	LCO No. 3539 1 of 3
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7	5		General Assembly Raised Bill No. 7081
8	6		January Session, 2019
9	7		LCO No. 3539
10	8
11	9
12	10		Referred to Committee on COMMERCE
13	11
14	12
15	13		Introduced by:
16	14		(CE)
	15	+
	16	+
17	17
18	18
19	19		AN ACT EXTENDING THE MANUFACTURING APPRENTICESHIP TAX
20	20		CREDIT TO PASS-THROUGH ENTITIES.
21	21		Be it enacted by the Senate and House of Representatives in General
22	22		Assembly convened:
23	23
24	24		Section 1. Subsection (a) of section 12-217g of the general statutes is 1
25	25		repealed and the following is substituted in lieu thereof (Effective July 2
26	26		1, 2019, and applicable to income and taxable years commencing on or after 3
27	27		January 1, 2019): 4
28	28		(a) (1) There shall be allowed a credit for any taxpayer against the 5
29	29		tax imposed under this chapter or chapter 229, other than the liability 6
30	30		imposed by section 12-707, for any income or taxable year with respect 7
31	31		to each apprenticeship in the manufacturing trades commenced by 8
32	32		such taxpayer in such year under a qualified apprenticeship training 9
33	33		program as described in this section, certified in accordance with 10
34	34		regulations adopted by the Labor Commissioner and registered with 11
35	35		the Connecticut State Apprenticeship Council established under 12
36	36		section 31-22n, in an amount equal to six dollars per hour multiplied 13
37	37		by the total number of hours worked during the income or taxable 14
38		-	year by apprentices in the first half of a two-year term of 15
39		-	apprenticeship and the first three-quarters of a four-year term of 16
40		-	apprenticeship, provided the amount of credit allowed for any income 17 Raised Bill No. 7081
	38	+	year by apprentices in the first half of a two-year term of 15 Raised Bill No. 7081
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42	40
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46	41
	42	+	LCO No. 3539 2 of 3
	43	+
	44	+	apprenticeship and the first three-quarters of a four-year term of 16
	45	+	apprenticeship, provided the amount of credit allowed for any income 17
47	46		or taxable year with respect to each such apprenticeship may not 18
48	47		exceed seven thousand five hundred dollars or fifty per cent of actual 19
49	48		wages paid in such [income] year to an apprentice in the first half of a 20
50	49		two-year term of apprenticeship or in the first three-quarters of a four-21
51	50		year term of apprenticeship, whichever is less. 22
52	51		(2) (A) Effective for income years commencing on [and] or after 23
53	52		January 1, 2015, for purposes of this subsection, "taxpayer" includes an 24
54	53		affected business entity, as defined in section 12-284b. [Any] For 25
55	54		income years commencing on or after January 1, 2015, but prior to 26
56	55		January 1, 2019, any affected business entity allowed a credit under 27
57	56		this subsection may sell, assign or otherwise transfer such credit, in 28
58	57		whole or in part, to one or more taxpayers to offset any state tax due or 29
59	58		otherwise payable by such taxpayers under this chapter, or, with 30
60	59		respect to income years commencing on or after January 1, 2016, but 31
61	60		prior to January 1, 2019, chapter 212 or 227, provided such credit may 32
62	61		be sold, assigned or otherwise transferred, in whole or in part, not 33
63	62		more than three times. 34
64	63		(B) Effective for income years commencing on or after January 1, 35
65	64		2019, if the taxpayer is an S corporation or an entity treated as a 36
66	65		partnership for federal income tax purposes, the shareholders or 37
67	66		partners of such taxpayer may claim the credit under this subsection. If 38
68	67		the taxpayer is a single member limited liability company that is 39
69	68		disregarded as an entity separate from its owner, the limited liability 40
70	69		company's owner may claim the credit under this subsection. 41
71	70		This act shall take effect as follows and shall amend the following
72	71		sections:
73	72
74	73		Section 1 July 1, 2019, and
75	74		applicable to income and
76	75		taxable years commencing
77	76		on or after January 1, 2019
78	77		12-217g(a)
79		-
80		-	CE Joint Favorable Raised Bill No. 7081
	78	+	Raised Bill No. 7081
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82	80
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	82	+	LCO No. 3539 3 of 3
	83	+
	84	+	Statement of Purpose:
	85	+	To allow certain business entities to claim the manufacturing
	86	+	apprenticeship tax credit against the personal income tax.
	87	+	[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline,
	88	+	except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is
	89	+	not underlined.]
87	90