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JLARC recommends extending customized workforce training B&O tax credit; use has declined
Summary
JLARC reported the customized workforce training B&O tax credit met the Legislature’s repayment metric and recommended extending its expiration while urging the state board to increase geographic and industry participation.
JLARC told the House Finance Committee on Jan. 14 that the business-and-occupation tax credit for customized workforce training met the Legislature’s repayment-based performance metric and should be extended, but usage of both the credit and the underlying training program has declined substantially.
The credit covers 50% of training costs delivered through the State Board for Community and Technical…
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