HB238

Kentucky HB238 establishes a tax credit for employers who hire apprentices in registered programs.

Kentucky HB238 creates a new tax credit for employers who hire apprentices in registered apprenticeship programs. The credit is equal to 50% of the wages paid to an apprentice or 100% of the expenses incurred in connection with the apprentice's training and education, whichever is less. The credit is capped at $2,000 per apprentice or $3,500 if the apprentice is from an enhanced incentive county or the employer is located in such a county. The bill requires employers to verify the apprenticeship program's registration, the apprentice's identity, and the expenses incurred.