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Montana’s Incumbent Worker Training Program and The Montana Trades Education Credit

April 20, 2021 /

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The Incumbent Worker Training (IWT) program is a grant funding resource, helping to off-set a portion of skills-based training costs for incumbent (existing) workers employed by Montana’s small business. Businesses must demonstrate training will increase the worker’s skill-level, result in a promotion or wage gain, or expand their business market/increase business revenue, with the intent of preserving existing jobs for Montana residents. Small business is defined as private sector, for-profit and non-profits, operating year-round, with no more than 50 employees statewide.

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The Montana Trades Education Credit, or HB 252 as it was officially called in the state Legislature, provides $1 million per year in 50% tax credits to businesses for qualified training and education expenses.

Businesses can claim up to $2,000 per employee and up to $25,000 per year. Only “trades” businesses can qualify, and the definitions listed in the bill’s language include painters, roofers, truckers and welders.

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