What is meant by “training costs”?
Training costs are instruction, instructional materials, facilities fees, and other expenses determined necessary to delivery of the training. Trainee wages and curriculum development costs are not covered.
What is meant by “STEAM” or a “STEAM” discipline?
STEM or STEAM discipline means a science, technology, engineering, mathematics, or applied mathematics-related discipline as determined by VEDP in consultation with the Superintendent of Public Instruction. The term also includes a health-care-related discipline.
What if the employer is a Pass-Through Entity?
The Virginia Department of Taxation will issue a credit certification letter specifying the amount of credit authorized to each partnership, S corporation, or limited liability company qualifying to claim a portion of this credit. Each pass-through entity must File Form PTE with the Department of Taxation within 30 days after the credit is granted. This information should be sent to: Department of Taxation, ATTN: Tax Credit Unit, P.O. Box 715, Richmond, VA 23218-0715, or faxed to 804.786.2800.
What are examples of noncredit courses that are included?
Noncredit courses include, but are not limited to:
- Specific job-related skills/studies
- Computer training due to process or equipment change of entry-level computer skills (ongoing computer software upgrades are not included)
- Continuous improvements such as team-building and quality training
- Management and supervisory training
- Safety and environmental training programs
- Credit or noncredit approved apprenticeship courses
What additional attachments are required for the Worker Retraining Tax Credit applicable for the Apprentice Program?
An Apprenticeship Action Form is required for each student. Applications will not be processed without this form. Students without the form will be excluded from the credit amount granted. Additionally, proof of payment by the employer is required.