Texas HB3605 provides a franchise tax credit for entities employing apprentices in broadband utility engineering or construction jobs.

HB3605 amends the Texas Tax Code to create a franchise tax credit for entities employing apprentices in broadband utility engineering or construction jobs. A qualifying apprentice must be employed for at least three months in a certified or registered apprenticeship program. The credit amount is $5,000 per apprentice, with a maximum credit of $10 million per fiscal biennium. The credit can be carried forward for up to five consecutive reports.

Texas HB3605 provides a franchise tax credit for entities employing apprentices in broadband utility engineering or construction jobs.

HB3605 amends the Texas Tax Code to create a franchise tax credit for entities employing apprentices in broadband utility engineering or construction jobs. A qualifying apprentice must be employed for at least three months in a certified or registered apprenticeship program. The credit amount is $5,000 per apprentice, with a maximum credit of $10 million per fiscal biennium. The credit can be carried forward for up to five consecutive reports.