How are the completion credits for levels 3 and higher different from the credit for the first 24 months?
The credit for the first 24 months is not based on the apprentice completing a level. The 24 month credit is based on the salary and wages paid in the first 24 months. The Completion Tax Credit is based on the apprentice completing levels 3 or higher of a program. When the apprentice completes level 3 or higher, the employer is entitled to a percentage of the salary and wages paid in the 12 months prior to the apprentice completing the level. The 12 month period can straddle tax years provided that the salary and wages paid before January 1, 2007 are not included.
