1.621 Apprentice Tax Credit

St. 2018, c. 228, an Act relative to economic development in the Commonwealth established the Apprentice credit for individual and corporate taxpayers. The credit is awarded to employees, who are registered with the an apprenticeship program and enter into an apprentice agreement with an employer. Employers that claim the credit in a taxable year will be eligible for an additional credit in the following year.
The credit is equal to the lesser of $4,800 or 50% of the wages paid to the apprentice. The total cumulative amount of credits authorized annually is $2.5 million. The credit is refundable and nontransferable. The credit applies to the taxpayers whose tax year starts from January 1, 2019.

Origin: M.G.L. c. 62, § 6(v)