Senate and House committee votes that may determine the future of the Work Opportunity Tax Credit (WOTC) are approaching in the US Congress. On Tuesday (tomorrow) the Senate Finance Committee has scheduled a hearing to markup a tax-extenders bill. The Committee will then vote to recommend the bill on Wednesday, April 2nd.
While WOTC is almost assured to be included in the Senate’s extender bill, it is not immune to amendments. WOTC proponents hope to stave off any detrimental changes, keeping the program intact until it can be revisited later in the context of comprehensive tax reform. (more…)
Tag: Irs 8850
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Now that Senator Ron Wydon (Dem of Oregon) has taken his new post as Chairman of the U.S. Senate Finance Committee, WOTC proponents in Oregon have a unique and timely opportunity.
Senator Wydon is known for his regular town-hall meetings and his openness to constituents throughout the State of Oregon. According to the Senator’s website, he has already held more than 600 such meetings. (more…)PUBLISHED IN
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Senator Ron Wydon (Dem of Oregon) took over this week as the new Chairman of the Senate Finance Committee. Senator Wydon replaces Senator Max Baucus, who was recently appointed as the United States Ambassador to Japan. Like Senator Baucus, Wydon favors an early passage of tax extenders, including WOTC. (more…)
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House Republicans begin gathering TODAY for their annual retreat where members hope to set the agenda for Republican legislation in 2014. Members will have an opportunity to vocalize their concerns and priorities. It is critical that as many House members as possible voice their support for an extension of the Work Opportunity Tax Credit in a tax extenders bill. (more…)
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Before the U.S. Senate’s Christmas recess, Senate Majority Leader Harry Reid scheduled S 1859 tax extenders bill for a priority vote on January 6th. Since returning to Washington DC, however, the Tax Extenders Act of 2013 has been removed from the schedule. (more…)
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From the Franchise Tax Board’s recent News Flash dated December 27, 2013.
The New Employment Credit begins January 1, 2014. One requirement for the credit is that a taxpayer be engaged in a trade or business within a designated geographic area (DGA). Use the DGA Mapping Tool to determine if a location is in a DGA. You can access the map from the New Employment Credit page.
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If you live or work in Iowa, perhaps you had a chance yesterday to hear from Representative Bruce Braley, an Iowa Democrat who traveled the state on Wednesday campaigning for a permanent renewal to the Work Opportunity Tax Credit.
Based on statements from Representative Braley’s office, his message revolves primarily around WOTC’s military veteran target groups. (more…)PUBLISHED IN
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Paul Suplizio, President of the WOTC Coalition has been keeping us up to date on hour to hour developments. Without further comment, I’m posting his update from early today. If you support renewal of the Work Opportunity Tax Credit, now is the time to exert your influence with your Senators. (more…)
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