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This credit applies to businesses creating jobs and training employees. The KIT program can include pre-employment training, classroom training, or on-the-job training from instructors or vendors.
Eligible expenses include instructor salaries, planning, and development of curriculum, materials, textbooks, and equipment.
To qualify for KIT companies must create at least one new position with an average wage equal to or above the median county wage.
This credit is a job retention tool which benefits employees of restructuring companies who are in danger of losing their jobs as a result of inadequate job skills or knowledge.
Eligible expenses include instructor salaries, planning, and development of curriculum, materials, textbooks, and equipment.