The U.S. Senate has passed HR 5297, the Small Business Jobs Bill, by a vote of 61-37. The bill, which will be highly beneficial to some of my clients, must now go back to the House of Representatives for reconsideration there.
If passed into law, this bill will include a number of provisions relevant to hiring-based tax incentives like the Work Opportunity Tax Credit and the federal Empowerment Zone Employment Credit. (more…)
Tag: District Of Columbia Enterprise Zone
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Alternative Minimum Tax, Amt, Empowerment Zone Employment Credit, General Business Credit, House Of Representatives, Hr 5297, Small Business Jobs Act, Tax Credits, U S House Of Representatives, U S Senate, Work Opportunity Tax Credit, WotcRead more: Small Business Jobs Bill Passes Senate Includes WOTC 5-Year Carryback And More
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Can this be true? SB 974 was introduced by California Senator Darrell Steinberg (Dem) early this year in an attempt to substantially limit the impact of California’s Enterprise Zone Hiring Credit program. According to an article in the Santa Clarita Valley Signal today, “officials from Steinberg’s office said Wednesday that the legislation will probably not become law.” (more…)
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The editorial board of The Desert Sun published an opinion today expressing their strong support for the proposed West Coachella Valley Enterprise Zone. (more…)
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I received an email this morning from the Bureau of Workforce Development Partnership, PA Department of Labor & Industry announcing that they have discovered a glitch in their information system. As a result, a number of invalid WOTC employee certifications have been issued. The email requests that certain TANF-related certifications be returned to their office. (more…)
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A multi-jurisdictional bid for a new enterprise zone designation is well underway by the California communities of Cathedral City, Desert Hot Springs and Palm Springs. While these communities are closely tied geographically to the existing Coachella Valley Enterprise Zone, sponsors believe the two zones will complement each other for the benefit of the region. (more…)
California, Cathedral City, Coachella Valley Enterprise Zone, Department Of Housing And Community Development, Desert Hot Springs, Enterprise Zones, Palm Springs, The Desert SunRead more: Cathedral City, Desert Hot Springs and Palm Springs Team Up in Multi-jurisdictional Bid for New California Enterprise ZonePUBLISHED IN
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U.S. Sen. Kirsten Gillibrand of New York has announced renewed efforts to make WOTC benefits permanent for businesses that hire military veterans. Read the press release by clicking here. (more…)PUBLISHED IN
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U.S. Senator Debbie Stabenow of Michigan has introduced S3706, The Americans Want to Work Act. Of most interest to this forum is that this bill would extend the HIRE Act’s Payroll Tax Exemption through the end of 2011. The Payroll Tax Exemption is currently slated to expire on December 31, 2010. (more…)
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On August 2, the U.S. Treasury Department published a report titled Updated Estimates of Newly Hired Employees Eligible for the Hire Act Tax Exemption. If you have a problem with that link, you can still read the Department’s press summary.
This new report provides monthly updated estimates of potential eligibility under the HIRE Act, including data through June 2010. According to the updated estimates, from February 2010 to June 2010, businesses hired 5.6 million new workers who had been unemployed for eight weeks or longer;
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This amazing map was published by the American Observer (American University’s Graduate Journalism Magazine). Using color mapping, it illustrates the monthly progress of the recession in each U.S. county as reflected by increasing levels of unemployment. (more…)
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For businesses located in or around the CA Salinas Valley Enterprise Zone, you have a champion in Andrew Myrick, Enterprise Zone Manager. In this Soapbox piece, published online today in The Californian, Mr. Myrick defends the enterprise zone against legislators who have been proposing changes to the program statewide. (more…)
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