John Sandusky, a Partner at Tax Incentive Group, LLC forwarded this response from Republican Senator Pat Toomey of Pennsylvania. (more…)
Category: Federal Empowerment Zones
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An news article posted yesterday on WNCT 9 On Your Side outlines the positions of Democratic and Republican contenders for the North Carolina governorship.
Republican contender, businessman Pat McCrory is focused on overall tax reform — a “modernization” of North Carolina’s tax system to attract industry and create jobs.
Lt Governor Walter Dalton (Dem), on the other hand, is proposing a new tax credit. (more…)PUBLISHED IN
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As of last night, there was an open standoff in the Senate over the Senate’s proposed tax extenders bill and the Republicans’ need to extend the Bush-era tax cuts. Democrat and Republican leaders agreed, however, to continue negotiating. (more…)
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We’ve been watching developments closely, and today we finally have something concrete although not what we’ve been hoping. While the possibility still remains for a Senate tax extenders bill before the recess, it appears that the House will not move until after the November elections.
Paul Suplizio, President of the WOTC Coalition shared the following correspondence with coalition members last night. It is published here with permission. (more…)PUBLISHED IN
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A press release published by KPBS in San Diego announced that today the State of California gave a green light to the San Diego Regional Enterprise Zone’s desire to expand into northern areas of San Diego. (more…)
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Yesterday, Paul Suplizio, President of the WOTC Coalition, sent me a copy of an important letter being organized by freshman Republican members of Congress. The letter is addressed to Dave Camp, Chairman of the House Ways and Means Committee and to Patrick J. Tiberi, Chairman of Ways and Means Select Revenue Measures Subcommittee. (more…)
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This is a request for reader feedback on an issue related to the HIRE Act worker retention tax credit that many employers are claiming with their 2011 federal income tax returns.
Question: Has anyone filed IRS Form 8886 “Reportable Transaction Disclosure Statement” (or had any related experience) in connection with service fees for the HIRE Act new hire retention tax credit program? (more…)PUBLISHED IN
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On March 16, 2012, the WOTC Planet told you about Delaware Governor Jack Markell’s support of a new tax credit for employers that hire military veterans in the State of Delaware. Almost five months later, we have more good news.
The Veterans Opportunity Tax Credit program was signed by the Governor on July 31st. (more…)PUBLISHED IN
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It is quite sad. Just 2 days before the Senate Finance Committee completed its markup of the Family and Business Tax Cut Certainty Act of 2012, the Department of Labor issued Training and Guidance Letter (TEGL) 04-2012.
TEGL 04-2012 introduces the Department’s updated Form ETA 9061, which is the Individual Characteristics Form included in the WOTC program’s employee-application for certification. (more…)Department Of Labor, Empowerment Zones, Family And Business Tax Cut Act Of 2012, Form Eta 961, Senate Finance Committee, Summer Youth, Tax Extenders, Tegl 04 2012, Work Opportunity Tax Credit, Wotc ExtentionRead more: ETA Form to Be Short Lived – Empowerment Zone Omitted from New WOTC Characteristics FormPUBLISHED IN