§ 26-51-1603 - Credit permitted.
26-51-1603. Credit permitted.
A taxpayer who employs a youth apprentice in an apprenticeship/work-based learning program which meets the standards of program design for nationally recognized curriculum and/or business and industry or trade association standards and which meets the criteria for vocationally approved youth apprentice/work-based learning programs and which is not in an occupation eligible for registration as provided in Title 29, Subtitle (a), Part 29 of the Code of Federal Regulations, as in effect on January 1, 1995, shall be allowed a credit in the amount of two thousand dollars ($2,000) or ten percent (10%) of the wages earned by the youth apprentice, whichever is less, against the tax imposed by the Arkansas Income Tax Act of 1929, as amended, 26-51-101 et seq., for each such apprentice.