Page 578

House Bill No. 5506

Public Act No. 22-118 578 of 739

maximum benefit; and (3) any credit that may be carried forward to a succeeding income year or years shall next be claimed (A) with any credit carry-forward that will expire first being claimed before any credit carry-forward that will expire later or will not expire at all, and (B) if the credit carry-forwards will expire at the same time, in the order in which the company may receive the maximum benefit. (b) In no event shall any credit be claimed more than once. (c) The rebate allowed pursuant to section 420 of this act shall be claimed after all other credits have been claimed. Sec. 425. Section 12-217g of the 2022 supplement to the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2022, and applicable to income or taxable years commencing on or after January 1, 2022): (a) (1) There shall be allowed a credit for any taxpayer against the tax imposed under this chapter or chapter 228z, for any income or taxable year with respect to each apprenticeship in the manufacturing trades commenced by such taxpayer in such year under a qualified apprenticeship training program as described in subsection (d) of this section, certified in accordance with regulations adopted in accordance with the provisions of chapter 54 by the Labor Commissioner and registered with the Labor Department under section 31-22r, in an amount equal to six dollars per hour multiplied by the total number of hours worked during the income or taxable year by apprentices in the first half of a two-year term of apprenticeship and the first three- quarters of a four-year term of apprenticeship, provided the amount of credit allowed for any income or taxable year with respect to each such apprenticeship may not exceed seven thousand five hundred dollars or fifty per cent of actual wages paid in such [income] year to an apprentice in the first half of a two-year term of apprenticeship or in the first three- quarters of a four-year term of apprenticeship, whichever is less. [(2)