It’s been all over the news. The U. S. House and Senate agreed to pass a 2-month extension of the 2011 payroll tax reduction. Unfortunately, the tax extenders including WOTC, Research and Development and other important tax incentive programs were not included in this hotly contested legislation.
It is clear, however, that the White House and Senate leadership continue to support tax extenders, which are one of the Senate’s top priorities. (more…)
Tag: Rehabilitation Credit
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If you’ve been following the news during the past few days, you might be aware that Congressional leaders are sparring over legislation to extend the existing payroll tax cut. Over the weekend, the Senate rejected the House’s proposal and responded with a proposed 2-month extension, obviously intended to buy time for further negotiations.
Neither version of the legislation included WOTC nor other sought after tax-extenders. This is not, however, the end of the game. (more…)PUBLISHED IN
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Yes, there is a new State Opportunity Zone in the City of Smyrna, Georgia. And to celebrate, we’ve added a new link to the State Tax Incentive Links bar on the WOTCPlanet.com news blog. (more…)
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The following instructions are copied directly from the document recently published by the US Department of Labor.
Vow to Hire Heroes Act – Work Opportunity Tax Credit Provisions: Interim Instructions for State Workforce Agencies and Employers
On November 21, 2011, the President signed into law the “Vow to Hire Heroes Act”, which amends and expands the definition of Veteran target groups for the Work Opportunity Tax Credit (WOTC). These provisions became effective the day after the President signed the Act into law (November 22, 2011). (more…)PUBLISHED IN
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Thank you to Rik Moore of the National Telecommuting Institute, Inc. for bringing this to my attention early last week.
The US Department of Labor has offered new guidance bringing into focus the WOTC provisions of the recently passed Vow to Hire Heroes Act of 2011. A summary of WOTC-related provisions from the act has been published on the Department of Labor’s website. The following is copied directly from that document. Please download the entire document in order to see footnotes and introductory content not included here. (more…)PUBLISHED IN
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Our friend Paul Suplizio, President of the WOTC Coalition, issued two urgent updates this morning from Washington DC. The immediate extension of WOTC and other tax incentive programs faces what amounts to a precarious opportunity. (more…)
Ominbus, Paul Suplizio, Payroll Tax Cut, Payroll Tax Holiday, Republic Whip, Senate Majority Leader Harry Reid, Senate Minority Leader Mitch Mcconnell, Senator Jon Kyl, Tax Extenders, Work Opportunity Tax Credit, Wotc, Wotc CoalitionRead more: Urgent WOTC Update – Inform Your Republican Senators NowPUBLISHED IN
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If you or your clients would be adversely affected by the expiration of the WOTC program on December 31 (just one month away), then NOW is the time to contact your member of Congress.
You don’t have to speak with the member directly. Speak with the staff member that answers the phone. Send them a fax. Send them a letter. (Unless, you have an existing relationship with a specific member of your Congress person’s office, I don’t recommend relying on email.) Tell them your story and ask them to support including WOTC in the year-end tax extenders legislation. (more…)PUBLISHED IN
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The good news is in. The US House of Representatives has passed the VOW to Hire Heroes Act, which is now on its way to a signature by President Obama. This bill breaks new ground for WOTC in that it not only expands the qualifying categories and tax credit amounts for hiring veterans, it extends WOTC benefits to non-profits. (more…)
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I received late arriving news on Tuesday from Paul Suplizio of the WOTC Coalition that Congressman Aaron Schock will be making the case for WOTC renewal at the House Republican luncheon today. The luncheon will be from noon until 1:00 PM (eastern), on Wednesday November 16th. (more…)
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