On Friday, December 20th, President Trump signed H.R. 1865 into law. This provides a one-year extension for the Work Opportunity Tax Credit (WOTC), including VOW to Hire Heroes tax credits, and retroactive extensions through 2020 for Federal Empowerment Zone and Indian Employment Credit.
Important News: WOTC is renewed! Read More »
We are pleased to announce that, early this morning, the House Rules Committee issued a Rule and manager’s amendment to H.R. 1865 “Further Consolidated Appropriations Act, 2020.” The amendment grants the extension for the Work Opportunity Tax Credit (WOTC), including VOW to Hire Heroes Act Credits, through December 31, 2020. It also grants a retroactive extension of the Federal Empowerment Zones and Indian Employment Credit through the end of 2020.
WOTC Legislative Update — December 17, 2019 Read More »
Important developments are happening very rapidly. As expected, yesterday afternoon, the House voted 297-120 to approve H.R. 1865, Further Consolidated Appropriations Act, 2020, with a one-year extension of WOTC, including VOW to Hire Heroes Act and retroactive extensions for Federal Empowerment Zones (FEZ) and the Indian Employment Credit (IEC).
Breaking News: House Passes H.R. 1865 Read More »
The House has approved H.R. 2029 as amended with The Protecting Americans from Tax Hikes Act, which both renews and expands various tax credit programs. In particular, the Work Opportunity Tax Credit program (WOTC) will be renewed for a period of 5 years, with a retroactive start date of January 1, 2015 through December 31, 2019.
Tax Credit Extenders H.R. 2029 Amendment #2 Passes House Read More »
The Senate Finance Committee overwhelmingly approved a tax extenders bill with a vote of 23-3. In order to enhance passage, only a few amendments were allowed. None affected a number of significant changes to certain tax credit programs in the original bill.
The bill reauthorizes the Work Opportunity Tax Credit (WOTC) program for a 2 year period: retroactively from January 1, 2015 through December 31, 2016. The VOW to Hire Heroes Act tax credits for hiring post 9/11 disabled and other veterans also were extended for the same period as were the Empowerment Zone designations, EZ tax credits, and Employment Tax Credit (EITC).
WOTC Extension Bill Passes Senate Finance Committee Read More »
On September 15, Senate Finance Committee Chairman Ton Wyden raised the issue of the expired tax provisions, issuing the following statement on the need to renew expired tax provisions to give certainty and relief to American workers and businesses:
Senator Wyden Urges Renewal of Tax Extenders Read More »
