Apprenticeship Tax Credit
Beginning in tax year 2018, Montana employers may be eligible for a tax credit for hiring registered apprentices or registered veteran apprentices and offering on-the-job training through the Montana Registered Apprenticeship Unit.
Eligibility
To qualify, employers must:
- Apply for the credit and receive approval from the Department of Labor & Industry (DLI), Workforce Services Division.
- Register as a Montana Registered Apprentice sponsor with the Montana Registered Apprenticeship program.
- Not claim the Jobs Growth Incentive Tax Credit in the same year.
Benefit
- $750 for each new registered apprentice, or
- $1,500 for each new registered apprentice who is a veteran.
The credit is nonrefundable and must be claimed in the year it is approved by DLI.
Carry Over
This credit cannot be carried forward or backward.
Other Resources
- Department of Labor & Industry – Workforce Services Division
- Department of Labor & Industry - Sponsor Tax Credit Information
- Montana Registered Apprenticeships
Related Laws