The editorial board of The Desert Sun published an opinion today expressing their strong support for the proposed West Coachella Valley Enterprise Zone. (more…)
Dearest Subscribers to WOTC Planet.com:
Please take a moment to add vah@WOTCPlanet.com to your e-mail contacts list. Sometime in the near future, we will be updating the WOTC Planet news blog so that news updates come to you from the WOTCPlanet e-mail server. Currently, e-mails updates are being sent out from my own account at RestaWOTC (e.g., vah@restaWOTC.com). (more…)
This has been popping up in the news during the past few weeks. An article yesterday by Marj Dario of the Needles Desert Star provides a nice and simple summary.
Assembly Bill ABSX3 82, which includes language to create the emergency enterprise zone around the United Motor Manufacturing Inc. automobile plant in Fremont (see previous post), also includes language to create 10 additional state enterprise zones. Recognizing the value of enterprise zone tax incentives, the sponsoring legislators are attempting to bypass the Enterprise Zone Act’s limitation of 42 zones. (more…)
A series of committee hearings began yesterday in the California Assembly with the stated intention of making “a comprehensive examination of the California Enterprise Zone Program” and other similar tax incentive programs. Subsequent hearings will take place between now and October 17th. (more…)
Craig Johnson, President of the California Association of Enterprise Zones (“CAEZ“) will be presenting testimony in an upcoming hearing at the California State Capitol. Sponsored jointly by the (a) Assembly Committee on Jobs, Economic Development, & the Economy and (b) the Assembly Revenue & Taxation Committee, the hearing is likely a response to ongoing efforts by some legislators to explore modifications to California’s enterprise zone program. (more…)
The IRS gave us new guidance today, slightly revising the definition of a “disconnected youth” and extending the transitional relief period by two additional months.
According to IRS Notice 2009-69, a disconnected youth now includes individuals who have held a job since graduating from high school or earning a GED, as long as they have worked only “occasionally.” Previously, if a person meeting the other definitions of a disconnected youth had graduated (or received a GED Certificate), they could not have held a job between the date of graduation and their hire date by the qualifying employer. (more…)
California Legislators and Governor Arnold Schwarzenegger reached deal a Monday evening on steps to close California’s $26 billion budget hole. According to the limited reports available at this time, no tax increases were involved. There are, however, very large budget cuts to various state social services, education, and corrections. (more…)
In a post I made on July 16th, I mentioned a Los Angeles Times Article about the proposal of a new enterprise zone around the United Motor Manufacturing Inc. automobile plant in Fremont. The proposal is part of an emergency attempt to keep the plant open. Since the 16th, the story has been popping up in newspapers all over the State of California. (more…)
New York State, State Labor Commissioner M. Patricia Smith and Chairman Charles Rangel Encourage Use
A recent press release from the New York State Department of Labor.
Thousands of Dollars in Federal Work Opportunity Tax Credits, Training Grants Available for Businesses, Layoff Aversion Programs Available for Businesses in NYC
New York City, NY (July 06, 2009) – At a press event at Modell’s Sporting Goods in Harlem, State Labor Commissioner M. Patricia Smith and Chairman Charles Rangel today outlined a wide range of initiatives administered by the NYS Department of Labor designed to help businesses in New York City weather the current recession. These include federal Work Opportunity Tax Credits (WOTC) for new hires, training programs and an initiative that helps companies avoid potential layoffs. In New York City, the area’s unemployment rate (not seasonally adjusted) was 8.7 percent in May 2009, compared with 7.8 in April and 4.8 in May 2008. (more…)