BASIC SKILLS TRAINING TAX CREDIT

The income tax credit offered is 25% of qualified expenses to a manufacturer which participates in an employer-sponsored retraining program through a community/junior college in the district within which the employer is located. This program provides a tax credit to new or existing businesses that pay for certain basic skills training or retraining for their employees. Credit is equal to 25% of qualified expenses of the training. Training programs must be certified by the State Department of Education to qualify the business for this credit.