HB 3096
Creates income tax credit for taxpayers that provide apprenticeship opportunities.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill creates a new income tax credit for taxpayers who provide apprenticeship opportunities. The credit is $1000 per qualifying apprentice, provided they work at least 500 hours during the tax year. Taxpayers must receive certification from the Department of Revenue to claim the credit, and unused credits can be carried forward to subsequent tax years. The bill also addresses how business tax credits are handled for S corporations and nonresident taxpayers.
Key provisions
- Provides a $1000 tax credit per qualifying apprentice employed for at least 500 hours.
- Requires taxpayers to receive certification from the Department of Revenue to claim the credit.
- Allows for the carryforward and use of unused tax credits for up to three subsequent tax years.
- Defines ‘qualifying apprentice’ as someone aged 16-30 at the end of the tax year.
- Addresses how business tax credits are allocated to S corporations and nonresident shareholders.
- Includes a list of specific business tax credits that are eligible for the credit.
- Specifies how the credit is prorated for changes in a taxpayer’s taxable year or residency status.
- Applies to tax years beginning on or after January 1, 2026.
Who is affected
- Taxpayers
- Apprentices
- Businesses that employ apprentices
- The Department of Revenue
- Corporations and S Corporations
Notable changes
Sponsors
Official sponsors from legislative records.
Primary sponsors
Gregory Smith
Cosponsors
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