Apprenticeship program income tax credit introduced in Hawaii for qualified apprenticeship programs.

This bill introduces an apprenticeship program income tax credit in Hawaii. The credit is ten percent of the qualified costs incurred by a qualified apprenticeship program in the taxable year. The credit is deductible from the taxpayer's net income tax liability. The credit cannot exceed a certain amount per program and an aggregate amount for all taxpayers in any taxable year. The credit can be carried over to subsequent years if it exceeds the taxpayer's income tax liability.

Apprenticeship program income tax credit introduced in Hawaii for qualified apprenticeship programs.

This bill introduces an apprenticeship program income tax credit in Hawaii. The credit is ten percent of the qualified costs incurred by a qualified apprenticeship program in the taxable year. The credit is deductible from the taxpayer's net income tax liability. The credit cannot exceed a certain amount per program and an aggregate amount for all taxpayers in any taxable year. The credit can be carried over to subsequent years if it exceeds the taxpayer's income tax liability.