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Financial Incentives Expand Apprenticeship Programs

It became law on May 10, 2024.

CO HB 24-1439 · House Bill · 2024A

Stage
Became law
Started in
House
Sponsors
4
Latest action
May 10, 2024

What it does

For income tax years commencing on or after January 1, 2025, but before January 1, 2035, section 1 of the act creates a refundable state income tax credit (tax credit) that an employer may claim if the employer employs an apprentice for at least 6 months during an income tax year and either has a registered apprenticeship program or is an employer-partner of a registered apprenticeship program. The amount of the tax credit is up to $6,300 for 6 months of employment plus up to $1,050 for each additional month of employment, for a maximum of up to $12,600 per apprentice per income tax year. An employer may not claim a credit for:

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Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    May 10, 2024

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

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Where it goes next

Once a bill is decided, the questions are about what is done with it in Colorado.

Work with this bill

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