Category Archives: WOTC
More New WOTC Expansion Ideas From Congress
While California considers hamstringing businesses by limiting its tax incentive programs, in Washington are bipartisan efforts to expand incentives that help business create jobs.
H.R. 5685 introduced by Congressman Steve Cohen (D-TN) would increase the WOTC credit by $1,000 for employers who open a new grocery supermarket in an “under served area,” defined as federal empowerment [...]
Oil Spill Recovery Zone
Members of Congress are working on a special set of tax incentives for those in the area affected by the Gulf oil spill, including an expansion of the WOTC. The Hill reports:
Sen. Mary Landrieu on Friday joined with five other lawmakers to propose a tax package aimed at helping businesses negatively affected by the [...]
WOTC Expansion Updates
H.R. 4920 was introduced in March by Rep. Rush (D-IL) and would make a variety of changes to the WOTC program, It would expand the Disconnected Youth category by increasing the age to 24, make the Disconnected Youth and Veteran categories permanent. The bill would add a new target group called “Title I-B [...]
New WOTC Proposals
Senate Finance Committee Chairman Max Baucus (D-Mont.) and Ranking Member Chuck Grassley (R-Iowa) have proposed a bill to expand the WOTC program to include more veterans. Here is the press release, and the bill language can be found here. The Senate bill does not yet have a number, but Rep. Timothy Walz (D-MN1) [...]
Senator Specter Seeks to Extend Unemployed Veteran WOTC Category
Senator Arlen Specter (D-PA) has introduced Senate bill 3282 which would extend the WOTC benefit for hiring unemployed veterans through 2012. That target category is currently only for qualified employees hired through Dec. 31, 2010. The bill would leave in place the 2010 expiration of the disconnected youth category.
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On the Other Hand
Some people think that the Enterprise Zone program doesn’t do a good enough job of demonstrating that employers made a definite, proactive decision to hire an employee that will provide them with a tax credit. The federal WOTC program attempts to do that more, but there is a flip side to the issue, as [...]
New WOTC Category Proposed: “Hire a Hero Act”
Kansas Congresswoman U.S. Rep. Lynn Jenkins has introduced H.R. 4859, the Hire a Hero Act to expand the federal WOTC program to include members of the National Guard.
As reported in the Morning Sun:
TOPEKA — A member of the Kansas Congressional delegation is proposing an amendment to the tax code that would encourage small businesses to [...]
Another WOTC Expansion Bill: H.R. 3908
Illinois Congresswoman Debbie Halvorson has introduced H.R. 3908. the “Families of Disabled Veterans Work Opportunity Act of 2009.” The bill would expand the qualified veteran category for WOTC to include certified family members of certain disabled veterans such as those entitled to compensation for service-connected disabilities, or those unable to work because of a [...]
More WOTC Action in Congress
Congressmen Rooney (R-FL) and Boccieri (D-OH) who introduced H.R. 3784, the “Helping Invigorate and Revive our Economy Act of 2009,” which expands WOTC to cover all new hires and makes the program permanent, have introduced another bill to expand WOTC. Here is the press release from Rep. Rooney’s website:
Washington, D.C. – Today, Congressman Tom [...]
H.R. 3807 Another Idea to Expand WOTC
I recently reported on Congressman Tom Rooney’s (R-FL) bill to expand the federal WOTC program to include all new hires, now Congressman Phil Roe (R-TN) is working on another bill to expand WOTC specifically for rural areas. From the press release:
WASHINGTON, DC – Today, Congressman Dr. Phil Roe (TN-1) introduced the Economic Stimulus for Rural [...]
H.R. 3784 Expand the WOTC
Here is a press release from Rep. Tom Rooney:
Washington, D.C. –Today, Reps. Tom Rooney (R-Fla.) and John Boccieri (D- Ohio) introduced the Helping Invigorate and Revive our Economy Act of 2009, also known as the HIRE America Act, to help create jobs for hard working Americans. The HIRE America act will expand the Work [...]
New IRS 8850
The IRS has released a new version of the 8850 to reflect recent changes to the Work Opportunity Tax Credit Program. There are new instructions as well.
New WOTC Categories in House Stimulus Bill
H.R. 1 is titled “The American Recovery and Reinvestment Act of 2009,” and among the $1 trillion of stuff are two new WOTC target groups:
PART 3–INCENTIVES FOR NEW JOBS
SEC. 1421. INCENTIVES TO HIRE UNEMPLOYED VETERANS AND DISCONNECTED YOUTH.
(a) In General- Subsection (d) of section 51 is amended by adding at the end the following new [...]
New WOTC Category Proposed: ‘Disconnected Youth’
Charles Rangel Introduces Young Adult Jobs Bill
Embattled Rep. Charles Rangel (D-NY), chairman of the House Committee on Ways & Means, has introduced legislation to provide tax incentives for employers to hire “disconnected youth,” young adults, age 16 to 24, who are out of school and out of work.
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H.R. 7066 includes youth aged 16 through 24 [...]
Another New WOTC Category Proposed
Senator Bob Corker (R – TN) is promoting the expansion of the Work Opportunity Tax Credit to include spouses of active duty military:
Sen. Corker said the Military Spouse Education and Employment Act of 2008 addresses these challenges through six key provisions:
Work Opportunity Tax Credit – Amends the Internal Revenue Code of 1986 to make employers [...]
