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Directly from the wire….
WASHINGTON — Two new tax benefits are now available to employers hiring workers who were previously unemployed or only working part time. These provisions are part of the Hiring Incentives to Restore Employment (HIRE) Act enacted into law today. (more…)PUBLISHED IN
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Today, as anticipated, the U.S. Senate approved the amended HIRE Act, which had been passed back from the House on March 4th (see previous post). As you may recall, this bill includes a Payroll Tax Forgiveness program. For qualifying workers, this will relieve employers of the 6.2 percent FICA tax expense during 2010. If such a worker remains employed for at least 52 weeks, the employer receives a $1,000 income tax credit for 2011. (more…)
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The California State Senates Revenue and Taxation Committee has scheduled an informational hearing for today on the subject of California’s Enterprise Zone program. The hearing is scheduled to begin 1:30 PM. Click here for the Agenda
Let’s keep our fingers crossed that those who speak best also know best while keeping the interests of California employers (and their employees) in focus. (more…)PUBLISHED IN
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The Jobs for Main Street Act, which we’ve been following from House to Senate to House, is now headed back to the Senate again. From the House perspective, the bill is known as the Hiring Incentives to Restore Employment (or “HIRE”) Act. (more…)PUBLISHED IN
