| 27 | | - | Section 1. (NEW) (Effective July 1, 2020, and applicable to income years 1 |
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| 28 | | - | commencing on or after January 1, 2021) (a) For income years commencing 2 |
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| 29 | | - | on or after January 1, 2021, any employer that permits an employee to 3 |
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| 30 | | - | spend a portion of such employee's required work hours teaching a 4 |
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| 31 | | - | course in an advanced manufacturing certificate program at a regional 5 |
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| 32 | | - | community-technical college may be allowed upon receipt of a 6 |
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| 33 | | - | certification letter from the president of the Connecticut State Colleges 7 |
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| 34 | | - | and Universities pursuant to the provisions of subsection (c) of this 8 |
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| 35 | | - | section, to claim a credit against the tax imposed under chapter 208 of 9 |
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| 36 | | - | the general statutes. Such credit shall be in the amount of one thousand 10 |
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| 37 | | - | dollars for each course taught by such employer's employee during the 11 |
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| 38 | | - | income year for which such credit is claimed. 12 |
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| 39 | | - | (b) The total amount of credits allowed under this section shall not 13 |
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| 40 | | - | exceed one million dollars in any fiscal year. 14 |
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| 41 | | - | Committee Bill No. 5159 |
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| 42 | | - | |
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| 43 | | - | |
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| 44 | | - | LCO No. 2127 2 of 2 |
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| 45 | | - | |
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| 46 | | - | (c) (1) To be eligible to claim the credit pursuant to subsection (a) of 15 |
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| 47 | | - | this section for an income year, an employer shall apply to the president 16 |
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| 48 | | - | of the Connecticut State Colleges and Universities in a form and manner 17 |
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| 49 | | - | prescribed by the president. Such application shall contain sufficient 18 |
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| 50 | | - | information as required by the president, including, but not limited to, 19 |
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| 51 | | - | documentation of the required work hours of the employee and the 20 |
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| 52 | | - | course taught by such employee. 21 |
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| 53 | | - | (2) Upon receipt of an application, the president shall render a 22 |
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| 54 | | - | decision, in writing, on each completed application not later than thirty 23 |
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| 55 | | - | days after the date of its receipt. If the employer meets the requirements 24 |
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| 56 | | - | of this section and the total amount of credits claimed in any fiscal year 25 |
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| 57 | | - | have not exceeded the limit set forth in subsection (b) of this section, the 26 |
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| 58 | | - | department shall issue a certification letter to the employer indicating 27 |
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| 59 | | - | that the credit will be available to be claimed by the employer. 28 |
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| 60 | | - | This act shall take effect as follows and shall amend the following |
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| 61 | | - | sections: |
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| 62 | | - | |
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| 63 | | - | Section 1 July 1, 2020, and |
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| 64 | | - | applicable to income years |
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| 65 | | - | commencing on or after |
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| 66 | | - | January 1, 2021 |
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| 67 | | - | New section |
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| 68 | | - | |
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| 25 | + | That title 12 of the general statutes be amended to establish a tax 1 |
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| 26 | + | credit for employers of instructors in advanced manufacturing 2 |
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| 27 | + | certificate programs at regional community-technical colleges. 3 |
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