Photography by Suzy Hazelwood.
According to the U.S. Department of Justice, more than 10,000 former prisoners are released every week across America. They need jobs. In fact, the Prison Policy Initiative reports that 2 years after release, more than 30% are still unemployed.
Gratefully, the State of Iowa offers a special tax benefit to small businesses that hire ex-felons residing in that state. In addition to the federal Work Opportunity Tax Credit (WOTC), Iowa small businesses can receive a tax deduction of up to $20,000 per qualifying hire. Since this is a deduction (not a tax credit), the actual tax effect depends on the business’ tax rate.
Building on the success of the Work Opportunity Tax Credit (or WOTC), Senator Tim Kaine (D-VA) introduced a bill to expand employment opportunities for military spouses.
Known as the Jobs and Childcare for Military Families Act of 2019, Senate Bill 1802 would recognize “Qualified Military Spouse” as a new WOTC program target group.
Following is a recent press release from the office of Alabama Governor Robert Bentley.
June 2, 2011
Governor Bentley Praises Legislature for Passing Full Employment Act of 2011
MONTGOMERY- Governor Robert Bentley today praised the Alabama Legislature for today’s passage of the Full Employment Act of 2011. The Governor introduced the Act in March as his centerpiece legislation to help small businesses hire employees. The Full Employment Act of 2011, sponsored by State Representative Blaine Galliher and State Senator Arthur Orr will provide a one time tax credit to small businesses who hire additional employees. (more…)