House Bill No. [insert bill number] aims to revise job growth incentive tax credits in Montana to better support the construction industry by including certain apprentices as qualifying new employees. The bill introduces new legal language that revises the definition of "qualifying new employee" to explicitly include apprentices in the construction sector. Additionally, it removes the sunset date on the tax credit, allowing it to remain in effect indefinitely. The bill also revises when the tax credit may be claimed, ensuring that employers can apply for the credit in the same tax year that the Department of Labor and Industry approves it.

Furthermore, the bill amends several sections of the Montana Code Annotated (MCA), specifically sections 15-30-2357, 15-30-2361, 15-31-175, and 39-11-404, to align with these changes. It repeals previous provisions that may have limited the applicability of the tax credit, thereby enhancing the incentive for employers to hire apprentices and contribute to job growth in the state. The overall goal of the bill is to stimulate economic development in Montana by encouraging the hiring of apprentices in the construction industry.

Statutes affected:
LC Text: 15-31-175, 39-11-404
HB0908_1(1): 15-31-175, 39-11-404
HB0908_1(2): 15-31-175, 39-11-404
HB0908_1(3): 15-31-175, 39-11-404
HB0908_1(4): 15-31-175, 39-11-404
HB0908_1(5): 15-31-175, 39-11-404
HB0908_1: 15-31-175, 39-11-404
HB0908_2(1): 15-30-2357, 15-30-2361, 15-31-175, 39-11-404
HB0908_2(10): 15-31-175, 39-11-404
HB0908_2(11): 15-31-175, 39-11-404
HB0908_2(2): 15-30-2357, 15-30-2361, 15-31-175, 39-11-404
HB0908_2(3): 15-30-2357, 15-30-2361, 15-31-175, 39-11-404
HB0908_2(4): 15-31-175, 39-11-404
HB0908_2(5): 15-31-175, 39-11-404
HB0908_2(6): 15-31-175, 39-11-404
HB0908_2(7): 15-31-175, 39-11-404
HB0908_2(8): 15-31-175, 39-11-404
HB0908_2(9): 15-31-175, 39-11-404
HB0908_2: 15-30-2357, 15-30-2361, 15-31-175, 39-11-404