Republican Tom Rooney of Florida.
U.S. Representatives Tom Rooney (Rep of Florida), with co-sponsor John Boccieri (Dem of Ohio), has introduced a measure that would expand the Work Opportunity Tax Credit (or WOTC) program even further than the federal Stimulus Bill of last February.
The Helping Invigorate and Revive our Economy Act of 2009 (H.R. 3784), also known as the HIRE America Act, would not only increase the credit allowed for employees qualifying under the existing “targeted groups” — it would also provide a smaller credit for the hire of any new employees, even those not qualifying under a specific targeted group.
The bill would also make its new WOTC provisions permanent, avoiding the repeated need for reauthorization. Currently, the WOTC program is set to expire in August 2011. The effort to make WOTC a permanent part of the tax code has been ongoing for many years.
Here’s Rep Tom Rooney’s blog entry about the bill. Click Here.
And here is his previous Press Release.
The HIRE America Act—New Proposal to Expand Work Opportunity Tax Credit
[…] this month, this same bi-partisan duo introduced a bill dubbed as The HIRE American Act, which would expand the WOTC program to provide a smaller tax credit for the hire of any new […]