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The Senate today passed the much anticipated tax bill without renewing the HIRE Act Payroll Tax Exemption, federal Renewal Communities, or the WOTC provisions for disconnected youth, unemployed veterans, or Gulf Opportunity Zone employers. This is a disappointment, but not unexpected.
Now that HR 4853 has been passed to the U.S. House of Representatives, eyes turn to susceptible House members seeking an amendment to add these provisions. If these incentives are important to you, please consider contacting House Members from your jurisdictions and urge them to support including these 5 provisions with any amendments to the tax bill. Make a special effort to contact Ways and Means Chairman Sander Levin.
Paul Suplizio, President of the WOTC Coalition, pointed out today that these 5 programs are “current-law job creation incentives” — so we are not urging the creation of any new program. In summary, what we seek:- Extension of the HIRE tax credits
- Extension of the Renewal Community program
- Extension of WOTC for disconnected youth
- Extension of WOTC for unemployed Iraq-Afghanistan era veterans
- Extension of WOTC for Gulf Opportunity Zone employers
On the bright side, the bill passed by the Senate does include reauthorization of:
- The WOTC Program through 2011
- The Research and Development Tax Credit
- The Indian Employment Credit
- The Empowerment Zone Program
- The District of Columbia Enterprise Zone
See my previous post on this.
Charles Rangel Disconnected Youth Hire Act Hiring Incentives To Restore Employment Act Payroll Tax Exemption Sander Levin Tax Credits U S House Of Representatives U S Senate Unemployed Vetaran Work Opportunity Tax Credit Wotc Wotc CoalitionRead more: U.S. Senate Passes Tax Bill – Eyes Turn to House to Please Add Back Missing Tax Incentives!PUBLISHED IN
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As noted in my most recent post, some key employment incentives were left out of the Senate version of the tax bill being discussed in Washington D.C. I received a correspondence today from Paul Suplizio, President of the WOTC Coalition, detailing current efforts to include the missing programs in the House version of the bill. (more…)
Charles Rangel Disconnected Youth Hire Act Hiring Incentives To Restore Employment Act Max Baucus Payroll Tax Exemption Sander Levin Tax Credits U S House Of Representatives U S Senate Unemployed Vetaran Work Opportunity Tax Credit Wotc Wotc CoalitionRead more: Asking the US House to Include Key Tax Incentives in House AmendmentPUBLISHED IN
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As reported by Jamie Dupree Washington Insider, Senate Majority Leader Harry Read’s office has released a summary of elements included in the Senate’s version of the tax compromise between President Obama and Congressional Republicans. The list is long and may include other provision of interest to you. For my purposes, however, this post focuses on employment-based tax incentives (and the much prized R&D credit). (more…)
District Of Columbia Enterprise Zone Empowerment Zone Employment Credit Harry Reid Hire Act Indian Employment Credit Jamie Dupree Washington Insider Payroll Tax Exemption Payroll Tax Forgiveness Payroll Tax Holiday Rd Credit Research And Development Credit Tax Credits U S House Of Representatives U S Senate Work Opportunity Tax Credit WotcRead more: Renewal of Key Tax Incentives Still Up In the AirPUBLISHED IN
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