On Monday, the EXPIRE Act of 2014 was introduced to the Senate and placed on the Senate Calendar. Find detailed information at Congress.gov here.
The EXPIRE Act proposes to extend WOTC through 2015 and support for the bill in the Senate is strong; HOWEVER, proponents of the Work Opportunity Credit face a serious challenge in the House where the Ways and Means Committee is now taking up individual tax extender programs for evaluation. Among committee members, Republican support for extending WOTC is weak. (more…)
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…)
Senate and House committee votes that may determine the future of the Work Opportunity Tax Credit (WOTC) are approaching in the US Congress. On Tuesday (tomorrow) the Senate Finance Committee has scheduled a hearing to markup a tax-extenders bill. The Committee will then vote to recommend the bill on Wednesday, April 2nd.
While WOTC is almost assured to be included in the Senate’s extender bill, it is not immune to amendments. WOTC proponents hope to stave off any detrimental changes, keeping the program intact until it can be revisited later in the context of comprehensive tax reform. (more…)
Now that Senator Ron Wydon (Dem of Oregon) has taken his new post as Chairman of the U.S. Senate Finance Committee, WOTC proponents in Oregon have a unique and timely opportunity.
Senator Wydon is known for his regular town-hall meetings and his openness to constituents throughout the State of Oregon. According to the Senator’s website, he has already held more than 600 such meetings. (more…)
House Republicans begin gathering TODAY for their annual retreat where members hope to set the agenda for Republican legislation in 2014. Members will have an opportunity to vocalize their concerns and priorities. It is critical that as many House members as possible voice their support for an extension of the Work Opportunity Tax Credit in a tax extenders bill. (more…)
Paul Suplizio, President of the WOTC Coalition has been keeping us up to date on hour to hour developments. Without further comment, I’m posting his update from early today. If you support renewal of the Work Opportunity Tax Credit, now is the time to exert your influence with your Senators. (more…)
Dear friends and associates.
Many of us have been involved with the Work Opportunity Tax Credit (WOTC) for years, even decades. We are experts. We’ve seen it succeed while noting its shortcomings and its gradual refinement over time. (more…)
Efforts to date have failed to include an extension of the Work Opportunity Tax Credit (WOTC) in any doc-fix legislation. The Senate Finance committee has turned away efforts to include WOTC in the proposed doc-fix reform bill. While the reform bill awaits further revision, it will not be voted on until 2014. In the mean time, a temporary doc-fix patch-up measure is expected to pass this week. (more…)
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…)