New Jobs Training Program (NJTP) |
|
General Program Information
Public Act 359 of 2008 amended the Community College Act and Public Act 360
of 2008 amended the Income Tax Act. These two acts work together to provide the
ability for community college districts to enter into agreements with employers
to (1) provide education and training to workers in order to create new jobs as
defined and (2) to establish a funding mechanism to pay for the education and
training.
Employers, under an agreement with a community college district, may repay
new jobs training costs through the diversion of income tax withholding. Income
tax withholding attributable to employees in qualified new jobs are to be paid
by the employer to the community college district in the same manner as the
employer returns and pays income tax withholding payments to the Michigan
Department of Treasury. Such payments made by an employer to a community college
shall be considered income taxes paid to the state.
Employer Requirements
For each new jobs credit from income tax withholding paid to a community
college district, the employer shall certify to Treasury that the payment was
made pursuant to an agreement. Each employer is required to delineate on Form
4756, New Jobs Training Program (NJTP) Credit Report, between the amount of
income tax withholding paid to the State and the amount paid to the community
college. This report must be faxed to Treasury on the 20th of the month
following the return period. Additional copies of this form may be obtained by
visiting www.michigan.gov/taxes,
select the "Business Information" link and then select the "New Jobs Training
Program" heading.
Employers participating in this program are required to remit taxes by
electronic funds transfer (EFT). Additional information regarding the EFT
process is available on Treasury's Web site at
www.michigan.gov/biztaxpayments.
Related Forms
|
