La. Admin. Code tit. 40 § IX-709

Current through Register Vol. 50, No. 11, November 20, 2024

Section IX-709 - Method of Computation

A. Computing Tax Credit. To compute the tax credit allowable to an employer that has an approved state apprenticeship program, the following procedure is to be followed.

1. First, identify the calendar months during the current tax period claimed in which each eligible apprentice was employed.

2. Second, add the number of hours worked by the eligible apprentice in each calendar month in which an eligible apprentice was employed.

3. Third, add the number of eligible monthly hours within the tax period claimed.

4. Finally, multiply the result reached in the step above by $1 to arrive at the total tax credit for the tax period, not to exceed $1,000 for each eligible apprentice.

La. Admin. Code tit. 40, § IX-709

Promulgated by the Louisiana Department of Labor, Office of Workforce Development, Apprenticeship Division, LR 33:2665 (December 2007).

AUTHORITY NOTE: Promulgated in accordance with R.S. 47:6026.