On June 20th, after a marathon mark-up session and by a vote of 24-17, the US House Ways and Means Committee advanced a number of measures. Of most importance to the Work Opportunity Tax Credit (WOTC), was H.R. 3301, “The Taxpayer Certainty and Disaster Relief Act.” The bill would extend for one year a number of incentives scheduled to expire at the end of 2019, including the Work Opportunity Tax Credit. This would extend WOTC and other provisions listed through 2020.
On June 5, 2019, Representative Steve Cohen (D, District of Columbia) introduce HR 3123, the Supermarket Tax Credit for Underserved Areas Act. This bill proposes both new and increased tax incentives for operators who set up new supermarkets within designated areas nationwide.
The bill has eleven cosponsors from the District of Columbia and the states of Arizona, California, Illinois, Maryland, Massachusetts and New York.
Featured artwork by Courtney Chauvin.
Three weeks ago, we informed you about a coordinated passionate effort by the National Military Spouse Network to “Storm the Hilll” (as in Capitol Hill). Military spouses everywhere called upon Congress to reduce employment barriers faced by the husbands and wives of America’s soldiers. (See WOTC for Military Spouses – Encouragement for Unsung Heroes).
One of the group’s goals is to expand the Work Opportunity Tax Credit (WOTC) program to include military spouses as a target group. Their efforts are being rewarded.
The letter begins in traditional fashion.
We write to ask you to cosponsor H.R. 2213 to permanently extend the Work Opportunity Tax Credit (WOTC). After receiving a five-year extension as part of the PATH Act in 2015, WOTC is scheduled to expire at the end of this year.
Imagine you’re almost 30, out of the military for a few years and are raising your first child. You’ve bounced around between a variety of jobs and have now decided it’s time for college. You need that formal education to fill in the gaps from your military training and to set a course for your civilian career.
With political divisions at an all-time high, six U.S. Senators offered a much welcomed bi-partisan proposal this week – a bill to make the WOTC Program permanent!
In a state where the economy is still outpacing the nation’s for the sixth year in a row, some forward thinking Georgia legislators looked to continue that growth and incent businesses to hire more employees from the state’s deep pool of military veterans. A new Georgia Veterans Work Opportunity Tax Credit (GA WOTC) has been proposed, based on the federal program.
With WOTC, Timing is Everything!
Famed English actor Jeremy Irons said, “The secret to life is timing.” So too is success with the Work Opportunity Tax Credit!
Also known as “WOTC” (pronounced Watt See), the Work Opportunity Tax Credit rewards businesses with $2,400 to $9,600 in federal income tax credit when they hire members of a WOTC target group.
Have you considered the value of hiring the formerly incarcerated?The Work Opportunity Tax Credit (WOTC) might reward your business if you do (more about that later
And yes, when I say, “formerly incarcerated”, I mean ex-felons. People who’ve been convicted of a felony and paid the price. Many of them have emerged from that difficult experience with a new and improved perspective on their lives.
Numerous major employers make a point of hiring offenders after their release from custody. The following list contains just a few that have gone very public with their pledge. Recognize any?