Maryland Tax Credits Available for Construction Contractors

The Maryland Department of Labor, Licensing and Regulation (DLLR) has announced two new programs aimed at providing financial incentives to place professionals in registered apprenticeship programs.

MARYLAND BUSINESS WORKS: REIMBURSEMENT PROGRAM:  
The program was established to support employer strategies for retention, growth and layoff aversion through upgrading the skills of your currently-employed workers – including apprentices. Participating companies are required to match the funds provided by the Maryland Business Works program for the actual training costs on a dollar-for-dollar basis. Companies pay 100% of total training upfront costs and then receive a 50% reimbursement by the State. For more information on how to apply for this program go to the DLLR website.

MARYLAND REGISTERED APPRENTICESHIP TAX CREDIT:  
The Tax Credit program provides a State income tax credit to Registered Apprenticeship sponsors or participating employers that hire an eligible Registered Apprentice(s). The Employer may qualify for a $1,000 tax credit for each eligible Registered Apprentice. The Registered Apprentice hired by the Employer must be registered with the Maryland Apprenticeship Training Program and have worked for the employer for at least seven full months starting on or after January 1, 2017. For more information go to the DLLR website.

If you have questions in regards to eligibility, please do not hesitate to contact your KatzAbosch representative. You can also contact our:

  • SALT Expert, Daniel Bottner  – dbottner@katzabosh.com / 410.307.2240
  • Construction Service Group Co-chair, Kristin Bailey  – kbailey@katzabosch.com / 410.307.6398 

 

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