WOTC Survives Tax Reform Compromise!

After a flurry of last-hour compromise, the the Tax Cuts and Jobs Act (aka Republican tax reform bill) was finalized on Friday.  At about 5:30 PM Eastern, an updated copy of the bill was released to the public (see Business Tax Reform, Section E (4).)

The pic below is from the the Business Tax Reform section, subsection E(4) dealing with the proposed repeal of the Work Opportunity Tax Credit.  While indicating that the House Bill would have repealed the tax credit, it also states that the Senate bill had no such provision. More importantly, “The conference agreement does not follow the House bill provision.”

Excerpt from Final Legislation

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2 thoughts on “WOTC Survives Tax Reform Compromise!

  1. The WOTC directly impacts me. I have been so nervous about its repeal. Thank you so much for clarifying its survival!