The following instructions are copied directly from the document recently published by the US Department of Labor.
Vow to Hire Heroes Act – Work Opportunity Tax Credit Provisions: Interim Instructions for State Workforce Agencies and Employers
On November 21, 2011, the President signed into law the “Vow to Hire Heroes Act”, which amends and expands the definition of Veteran target groups for the Work Opportunity Tax Credit (WOTC). These provisions became effective the day after the President signed the Act into law (November 22, 2011). (more…)
Category: Colorado
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Thank you to Rik Moore of the National Telecommuting Institute, Inc. for bringing this to my attention early last week.
The US Department of Labor has offered new guidance bringing into focus the WOTC provisions of the recently passed Vow to Hire Heroes Act of 2011. A summary of WOTC-related provisions from the act has been published on the Department of Labor’s website. The following is copied directly from that document. Please download the entire document in order to see footnotes and introductory content not included here. (more…)PUBLISHED IN
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Our friend Paul Suplizio, President of the WOTC Coalition, issued two urgent updates this morning from Washington DC. The immediate extension of WOTC and other tax incentive programs faces what amounts to a precarious opportunity. (more…)
Ominbus, Paul Suplizio, Payroll Tax Cut, Payroll Tax Holiday, Republic Whip, Senate Majority Leader Harry Reid, Senate Minority Leader Mitch Mcconnell, Senator Jon Kyl, Tax Extenders, Work Opportunity Tax Credit, Wotc, Wotc CoalitionRead more: Urgent WOTC Update – Inform Your Republican Senators NowPUBLISHED IN
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If you or your clients would be adversely affected by the expiration of the WOTC program on December 31 (just one month away), then NOW is the time to contact your member of Congress.
You don’t have to speak with the member directly. Speak with the staff member that answers the phone. Send them a fax. Send them a letter. (Unless, you have an existing relationship with a specific member of your Congress person’s office, I don’t recommend relying on email.) Tell them your story and ask them to support including WOTC in the year-end tax extenders legislation. (more…)PUBLISHED IN
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The good news is in. The US House of Representatives has passed the VOW to Hire Heroes Act, which is now on its way to a signature by President Obama. This bill breaks new ground for WOTC in that it not only expands the qualifying categories and tax credit amounts for hiring veterans, it extends WOTC benefits to non-profits. (more…)
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I received late arriving news on Tuesday from Paul Suplizio of the WOTC Coalition that Congressman Aaron Schock will be making the case for WOTC renewal at the House Republican luncheon today. The luncheon will be from noon until 1:00 PM (eastern), on Wednesday November 16th. (more…)
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Legislative language for the VOW to Hire Heroes Act of 2011 is now available. The bill will extend WOTC categories for eligible veterans through December 31, 2012 but retains the current expiration date for all other categories. In other words, if a general extension of WOTC is not eventually included in a tax extender bill (or in some other legislation) the WOTC program will look very different in 2012. (more…)
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State of Michigan Representative Charles Smiley (D) Michigan State Representative Charles Smiley (Dem) is the leading sponsor for new state legislation that would offer a significant tax break to employers who hire an unemployed veteran. (more…)
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Republican Senate Minority Leader Mitch McConnell told the Senate this morning that he would be voting FOR the VOW to Hire Heroes Act of 2011, giving the nod for other Senate Republicans to support the measure. The act should now pass quickly through the Senate and the House. (more…)
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