QUESTIONS? CALL: (800) 655-5281Login to WOTC Status Tracker

WOTC Planet

  • Tax Benefits
    • Reasons to WOTC
    • Employee Retention Credit
    • Military Veterans
  • How We Serve
    • Ways to WOTC
  • Marketplace
    • Marketplace Partners
  • Accountants
  • Resources
    • Frequently Asked Questions
  • About Us
    • Testimonials
  • Blog
Find My Tax Credits

Senate Votes to Limit Further Debate on Senator Reid’s New Tax Credits

by Vaughn Hromiko / Monday, 22 February 2010 / Published in Federal Legislation, Payroll Tax Forgiveness, Unemployed Workers

It just hit the news – and we received a corroborating update from Paul E. Suplizio, President of the WOTC Coalition. As anticipated, the U.S. Senate voted this afternoon to limit debate on Senator Reid’s amendment SA 3310 to the Jobs for Main Street Act of 2010 (H.R. 2847). As I described yesterday, Reid’s amendment adds two new federal tax-incentive programs intended to help the private sector create and maintain new jobs.
The Senate invoked cloture on the Reid Amendment by a vote of 62-30. With further debate thus limited, the amendment is on its way to Senate passage and then back to the House of Representatives, where it will most likely be approved.
My firm is preparing to assist our clients with these new hiring-based tax benefits. Implementation could face challenges similar to those we faced in 2009 with the mid-year addition of two new eligibility categories to the Work Opportunity Tax Credit program. Like last years Stimulus Act, this bills language provides for retroactive eligibility — meaning that employees hired before the bill’s passage may still become eligible to generate the new tax benefits for their employer.
Fortunately, our clients are already obtaining some of the required information from their employees at the time of hire using our WOTC surveying forms.  If we do have to go back and get more information for the new tax benefit programs, we’ll already know who might qualify. So, we can limit our attention to just those employees.
For more information, please call me at 888-655-5281, extension 101. Or email me at vah@hromiko.com .  And have a great evening!  I am Vaughn Hromiko.

0
  • Tweet
Tagged under: HIRE Act, Jobs, Jobs Creation, Payroll Tax Forgiveness, Payroll Tax Holiday, Senator Reid, Work Opportunity Tax Credit, WOTC, WOTC Coalition
Vaughn Hromiko

About Vaughn Hromiko

Vaughn scours the news (with the help of daily Google alerts), finding interesting things for people who need to know about WOTC and other hiring tax credits. For 19 years, he’s been a Partner and the Director of Client Services at WOTC Planet.
« Prev
Next »

OUR MOST RECENT POSTS

Military Spouse Hiring Act – US House Sponsorship Changes Hands
Is Your Covid-19 Tax Refund Feeling Abandoned and Lonely?
Military Spouse Hiring Act Would Expand WOTC Target Groups

1 Comment to “ Senate Votes to Limit Further Debate on Senator Reid’s New Tax Credits”

  1. WOTC Planet » Blog Archive » Jobs for Main Street Act 2010 Passed By Senate Now Goes to House says :
    February 24, 2010 at 12:06 pm

    […] PlanetState & Federal Hiring Tax Credits & the Employers That Earn Them « Senate Votes to Limit Further Debate on Senator Reid’s New Tax Credits […]

Click Here to Find Your Tax Credits

Free WOTC Eligibility Analysis

 

  • Privacy Policy
  • WOTC Planet Blog
  • Society for Human Resource Management SHRM
  • National Restaurant Association
  • California Hotel & Lodging Association
  • California Lodging Industry Association

Hromiko & Associates, LLC BBB Business Review

Contact us

T (800) 655-5281
Email: inquire@wotcplanet.com

WOTC Planet
PO BOX 41159
Sacramento CA 95841

Open in Google Maps

  • GET SOCIAL
WOTC Planet

Copyright © 2019 | Hromiko & Associates, LLC. The WOTC Planet logo is a service mark of Hromiko & Associates, LLC

TOP