The recent re-authorization and expansion of the Work Opportunity Tax Credit (WOTC) includes a new WOTC target group. Reading from the statute, a “Long-term Unemployment Recipient” is defined as an individual “being in a period of unemployment which— (A) is not less than 27 consecutive weeks, and (B) includes a period in which the individual was receiving unemployment compensation under State or Federal law.’’ (more…)
Earlier today, the US Senate voted overwhelmingly (96 for, 3 against) to take up HR 3474, the Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act.
This procedural vote of cloture means that a final vote on the bill may be coming soon. In the mean time, amendments will be considered and negotiations concluded. We anticipate a vote on the floor of the Senate as early as this week. (more…)
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…)
Congressman John Boccieri (Democrat of Ohio)
Representative Tom Rooney (Republican of Florida), has introduced a second bill proposing to expand the Work Opportunity Tax Credit (or WOTC) program. Cosponsored by Congressman John Boccieri (Democrat of Ohio), this bill would add a new eligibility category (or “targeted group”) — Long Term Unemployed. Click here for Representative Rooney’s press release. (more…)