Thursday afternoon, the Ways and Means Committee finished the House’s markup of the Tax Cut and Jobs act, voting down amendments to add back the Work Opportunity Tax Credit (WOTC) and a number of other specialized tax benefits.
While this is bad news for WOTC proponents, better news emerged from the Senate today. The Senate Finance Committee released its own version of tax reform and it does not include the dreaded WOTC repeal. (more…)
Tag: New Employment Credit
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You’re probably already aware of the House’s tax reform proposal, which in it’s current form would repeal the Work Opportunity Tax Credit (WOTC) program. Repeal would be effective 01/01/2018. The draft reform bill was introduced 7 days ago as H.R. Bill 1, the Tax Cut and Jobs Act.
The repeal of WOTC as proposed is wholesale and complete. Here’s the text in its entirety: (more…)PUBLISHED IN
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Have your heard?
Congress passed and President Trump signed a bill on September 29 that provides a temporary WOTC-like tax benefit for businesses impacted by three recent powerful hurricanes.
H.R.3823 – Disaster Tax Relief and Airport and Airway Extension Act of 2017 includes the “Employee Retention Credit for Employers Affected by Hurricanes” Harvey, Irma and Maria. (more…)PUBLISHED IN
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Photo by Allegra Boverman. It’s called the Military Spouse Hiring Act (H.R.2318). If passed, military spouses would become the newest Target Group for the Work Opportunity Tax Credit (WOTC).
Congresswoman Carol Shea-Portal (D, NH) introduced this simple proposal to the House Committee on Ways and Means on May 3 of this year.
When I stumbled across this bill today, I felt embarrassed at first. How could I have overlooked it? Then I dug a little deeper. (more…)PUBLISHED IN
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An article today in Enews Park Forest highlights proposals by US Representative Robin Kelly and US Senator Dick Durbin to expand the Work Opportunity Tax Credit (aka WOTC). They’re calling it The HERO for At-Risk Youth Act. (more…)
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The Department of Labor has issued revised and updated forms including the ETA 9061 Individual Characteristics Form and ETA 9175 Long Term Unemployment Recipient Self Attestation Form.
There are significant changes on both forms, simplifying and clarifying the requirements for Long Term Unemployment Recipients or LTURs. Number 23 on ETA 9061 has been reduced from a double-parted (2 check boxes) to a single-check box question. The new language is easier to understand and less likely to trip-up new hires. (more…)PUBLISHED IN
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Found an interesting article published in The Lantern about PassGo, a student group at The Ohio State University. PassGo partners with other non-profits offering training and job counseling to ex-felons. It uses the Work Opportunity Tax Credit program as an additional tool to help connect these rehabilitated men and women with private employers in the community. (more…)
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Representative Dennis Ross (FL Republican) An interesting opinion piece by Representative Dennis Ross (Republican from Florida) titled “Responsible solutions to repaying student loans,” recently popped up in Florida Politics. Ross was contributing as a guest writer. (more…)
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Jim McDermott, D of Washington Democrat Representative from Washington State, Jim McDermott on September 8th introduced HR 5947, the Improved Employment Outcomes for Foster Youth Act of 2016. (more…)
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