The California Department of Housing and Community Development (HCD) announced Tuesday the final designation of the Sequoia Valley Enterprise Zone (EZ). This designation is effective retroactively to October 6, 2010 and will expire in 15 years. Read about it at The Recorder Online. (more…)
Tag: Training And Employment Guidance Letter Number 9 15
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Is it the calm before a storm? Congress is on vacation. The Senate is scheduled to reconvene on January 23rd. The House on January 17th.
Before members of Congress left for the holiday in December, they had tumultuously agreed on a 2-month extension of the 2011 payroll tax cut and left many expiring tax items floating into limbo. The Work Opportunity Tax Credit, of course, is counted among these unfinished items. (more…)PUBLISHED IN
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The New York Youth Works Tax Credit program was signed into law by Governor Andrew M. Cuomo last month on December 9th. The program’s hiring credit is effective for qualifying at-risk youth hired between January 1 and July 1, 2012. (more…)
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It’s January 2, 2012 and so far, not a peep from the Governor’s office about destroying California’s best tax incentive program. So far, so good. Last year at this time, California was holding its breath in anticipation of Governor Jerry Brown’s 2011 budget proposal. Rumors had been leaked that the Governor’s budget would propose the elimination of the state’s Enterprise Zone program. (more…)
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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…)PUBLISHED IN
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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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