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 »
As you may know, the current version of the Work Opportunity Tax Credit (WOTC) program is set to expire on December 31, 2019 unless congress passes legislation that extends the program, as done previously, since its inception in 1996.
Here are the latest developments:
WOTC Legislative Update — November 18, 2019 Read More »
The senate voted 53-33 to pass H.R. 2029, the Omnibus appropriations and tax extenders bill and sent the bill to the President for his signature. The bill contains a five-year retroactive extension of WOTC and the VOW to Hire Heroes Act tax credits for hiring veterans. The President has said he will sign the bill. He has until midnight December 22 to do so because government funding runs out at that time.
WOTC Five-Year Extension Read More »
Ways and Means Chairman Kevin Brady sent to the House Rules Committee last night a 2-year tax extenders bill tabled as a House amendment to a Senate Amendment H.R. 34, “Tax Increase Prevention and Real Estate Investment Act of 2015.” This bill is only one option currently on the table with other options being a
WOTC Extension Discussion Progresses Read More »
