2015 Arkansas Code
Title 26 - Taxation
Subtitle 5 - State Taxes
Chapter 51 - Income Taxes
Subchapter 16 - Youth Apprenticeship/Work-Based Learning Program Tax Credit
§ 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 29 C.F.R. § 29.1 et seq., Part 29, 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 Income Tax Act of 1929, § 26-51-101 et seq., for each such apprentice.
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