Good news for WOTC and other tax extenders as we close out the year. As part of the spending bill that was signed into law Friday, the WOTC program and other Tax Extenders have officially been granted through the end of next year. In addition to the extension, the spending bill also includes a $2.5 M increase to state WOTC offices for program administration.
As anticipated after the action in the Senate last week, H.R. 2213 was introduced in the House yesterday which calls for the WOTC (Work Opportunity Tax Credit) program to be made permanent. Representatives Mike Thompson (D-CA), Tom Reed (R-NY), Bill Pascrell (D-NJ), Tom Rice (R-SC) and Tom Suozzi (D-NY) introduce the bipartisan bill to the Ways & Means committee. We now have two bipartisan bills in Congress that both call for the permanent extension of
Yesterday, Senators Ben Cardin (D-Md.), Rob Portman (R-Ohio), Roy Blunt (R-Mo.), Sherrod Brown (D-Ohio), Bill Cassidy (R-La.), and Bob Menendez (D-N.J.) introduced bipartisan legislation to make the WOTC program permanent. Currently, the program is set to expire at the end of this year. This bill, the Work Opportunity Tax Credit & Jobs Act, is a great start for our renewal efforts that we have been
The government shut down overnight for a few hours and then reopened once the Senate and House passed their two-year budget agreement and President Trump signed it into law making it official. As part of the that agreement, all of the expired Tax Extenders (including the Empowerment Zone and Indian Employment Tax Credit programs) were retroactively renewed for a one-year period through 12/31/2017. So, they
Last fall, during the tax reform process, the ‘Tax Extenders’ (provisions that expired at the end of 2016, including the Empowerment Zone Tax Credit EZTC and the Indian Employment Tax Credit IETC) were not part of the discussion. At that time, Chairman Brady of the House Ways & Means committee, was not in favor of extending them or even bringing them up for debate.
WOTC survives! The final version of the tax reform bill that reconciles the Senate and House bills was just released late this afternoon by the conference committee. The good news is that WOTC is left intact through 12/31/2019. The full text of the conference bill can be found here (http://docs.house.gov/billsthisweek/20171218/CRPT-115HRPT-466.pdf). The section relating to WOTC is shown below indicating that the conference agreement does
In the early morning hours of Saturday, the Senate passed their Tax Reform package by a vote of 51-49. In the end, only one Republican senator voted no on the package after a lot of deal making that took place throughout the day on Friday. The Senate bill remained silent on WOTC and the other 2015 PATH Act program that are currently in effect
Last week was a busy week on Capitol Hill as Congress gets ready to push towards the Thanksgiving Break. Last week the House Ways & Means committee voted and moved to the full House their version of Tax Reform (H.R. 1 – Tax Cuts and Jobs Act). That bill was put to a full House vote yesterday and passed along party lines by a
Tax reform has been front and center this week on Capitol Hill. As previously noted, the House Ways & Means committee released their tax reform plan at the end of last week and worked the past 4 days on debate and amendments to that bill. Chairman Brady (R-TX) introduced two Managers Amendments for the Republicans which were adopted. In the end, the Ways &
