So Far, So Good – WOTC Program Survives in Senate’s Revised Tax Reform Plan
Senator Orin Hatch, R Utah
Yesterday, Chairman Senator Orin Hatch (R, Utah) released a revision to the Senate’s tax reform proposal. The revision is scheduled today for markup before the Senate Committee on Finance. (more…)
- Published in Work Opportunity Tax Credit
Senate Finance Committee Reports on Tax Extenders Bill
Last week, on August 5th, the Senate Finance Committee reported its version of the 2015 tax extenders bill, S 1946, The Tax Extension Relief Act of 2015.
“The Committee on Finance, having considered an original bill, S. 1946, to amend the Internal Revenue Code of 1986 to extend certain expiring provisions, and for other purposes, reports favorably thereon without amendment and recommends that the bill do pass.”
- Published in Work Opportunity Tax Credit
Tax Extenders Bill Scheduled for Consideration in Senate Finance Committee Next Week
The Senate Finance Committee has scheduled a hearing to consider the Chairman’s markup of a new tax extenders bill. The Committee will consider the bill on Tuesday, July 21. In its current form, the bill would give the Work Opportunity Tax Credit a 2-year retroactive extension — January 1, 2015 through December 31, 2016. (more…)
- Published in Work Opportunity Tax Credit
Urgent Chance THIS WEEK to Include WOTC in Senate Highways Bill Extension
The following update from Paul Suplizio, President of the WOTC Coalition, outlines a very time-limited potential opportunity to get WOTC back on track for 2014. To have any impact, WOTC supports will need to act promptly. Congress will wrap up its business and leave town by the end of this week for the Independence Day recess. (more…)
- Published in Work Opportunity Tax Credit
Senate Hits Procedural Breaks on EXPIRE Act – Hatch and Wyden Working on Solutions
- Published in Federal Legislation
Draft Senate Tax Extenders Bill Published Today – WOTC Yes, Empowerment Zones No
The markup of the Senate Finance Committee’s tax extenders bill, which was scheduled for Wednesday, has been postponed until Thursday. The bill’s formal name is the “Expiring Provisions Improvement Reform and Efficiency (EXPIRE) Act.
The Chairman’s Mark was published today and is available on the Senate Finance Committee’s website. It will be considered by the full Committee on Thursday, amendments offered and approved, etc. It will then pass before the entire Senate for a vote. (more…)
- Published in Work Opportunity Tax Credit
Senator Chuck Grassley Senior Republican on Senate Finance Committee Predicts Tax Extenders
According to a recent article in The Gazette of eastern Iowa, US Senator Chuck Grassley of Iowa predicts that many tax extenders will be renewed in 2014. Senator Grassley is the Senior Republican member on the Senate Finance Committee. (more…)
- Published in Uncategorized
Tax Extenders Have Stalled while Last Chance for WOTC Looms (Your Immediate Action Needed)
It appears the opportunity for a general tax extenders bill has expired for 2013. With a contentious election year approaching, the nation will likely wait until 2015 before Congress takes up the issue — after the 2014 elections. This is truly unfortunate given that almost 60 tax provisions expire on December 31, 2013. Here’s the entire list, published by the Joint Committee on Taxation. The Work Opportunity Tax Credit (WOTC) is one of the expiring provisions. (more…)
- Published in Work Opportunity Tax Credit
Congress Takes First Steps Toward 2013 Tax-Extenders Bill
The National Journal reported yesterday:
Legislators on Thursday unveiled a bicameral, bipartisan proposal to repeal and replace the sustainable growth rate formula, which determines Medicare payments for physicians. One expert called it “above and beyond” anything else he’s ever seen.
- Published in Work Opportunity Tax Credit
ETA Form to Be Short Lived – Empowerment Zone Omitted from New WOTC Characteristics Form
It is quite sad. Just 2 days before the Senate Finance Committee completed its markup of the Family and Business Tax Cut Certainty Act of 2012, the Department of Labor issued Training and Guidance Letter (TEGL) 04-2012.
TEGL 04-2012 introduces the Department’s updated Form ETA 9061, which is the Individual Characteristics Form included in the WOTC program’s employee-application for certification. (more…)
- Published in Work Opportunity Tax Credit
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