The Tire Industry Association (or TIA) has passed a public policy resolution stating unanimous support for a 3-year extension of the Work Opportunity Tax Credit (“WOTC”) program. TIA also supports expansion of WOTC to include additional Veterans-related tax benefits (see previous post at WOTCPlanet.com regarding VOW to Hire Heroes Act of 2011).
Acorrding to a MotorAge article published today at SearchAutoParts.com, Dr. Roy Littlefield, executive vice president of TIA explains,
“TIA is also working with the Department of Labor and members of Congress to develop a business/public sector/private sector plan to hire disabled and returning veterans. A financial incentive for this effort is the passage of legislation to expand and extend the Work Opportunity Tax Credit (WOTC) for three years for recently discharged veterans.”