An Act To Support the Trades through a Tax Credit for Apprenticeship Programs
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 36 MRSA §5219-OO is enacted to read:
§ 5219-OO. Apprenticeship credit
A taxpayer constituting an employing unit that is a sponsor of an apprenticeship program approved by the Department of Labor pursuant to Title 26, chapter 37 is allowed a credit of $2,500 for each registered apprentice employed by the taxpayer during the taxable year in an approved apprenticeship program.
SUMMARY
This bill provides an income tax credit to employers with apprenticeship programs approved by the Department of Labor. The credit is equal to $2,500 for each registered apprentice employed by the taxpayer during the taxable year in an approved apprenticeship program.