SB 1211: Income taxes: credits: apprenticeships.

The Personal Income Tax Law and the Corporation Tax Law allow various credits against the taxes imposed by those laws. Existing law provides for the establishment of apprenticeship programs in various trades, to be approved by the Chief of the Division of Apprenticeship Standards in any trade in the state or in a city or trade area whenever the apprentice training needs justify the establishment.

This bill, for taxable years beginning on or after January 1, 2019, and before January 1, 2024, would allow a credit against the taxes imposed under those tax laws in an amount equal to 50% of wages paid by the taxpayer to a registered apprentice during the taxable year or $2,500, whichever is less, year, not to exceed $2,500, for each registered apprentice trained by the taxpayer in that the taxable year. The bill would limit the aggregate amount of credits that may be allocated and certified pursuant to those provisions to $10,000,000 per fiscal year for income tax credits and $10,000,000 per fiscal year for corporate tax credits. The bill would require the Division of Apprenticeship Standards to perform certain duties in order to allocate and certify these credits.

This bill would take effect immediately as a tax levy.