资讯与洞察

Tax Alert: House Introduces WOTC Permanency Bill

As indicated in our last Tax Alert on April 4, 2019, a bipartisan group of Senators recently introduced a bill (S. 978) to make the Work Opportunity Tax Credit (WOTC) permanent. This week, a companion bill (H.R. 2213), has been introduced by 5 members of the House of Representatives also proposing WOTC permanency.

Like the Senate bill, the House bill has strong bipartisan sponsorship. It was introduced by the House Ways and Means Select Revenue Measures Subcommittee Chairman Mike Thompson (D-CA), Rep. Tom Reed (R-NY), Rep. Bill Pascrell (D-NJ), Rep Tom Rice (R-SC), and Rep. Tom Suozzi (D-NY), and would extend WOTC indefinitely as opposed to its current 12/31/19 expiration date.

While introducing the bill, Chairman Thompson described WOTC as “highly effective in ensuring individuals on public assistance can make the transition to private sector jobs,” and Representative Pascrell called WOTC “remarkably effective” and “a proven tool to move eligible individuals off of unemployment and into the workforce.”

We at First Advantage will continue to monitor the progression of this bill. If you have any questions, please contact your First Advantage Tax Account Manager or your legal counsel.

本内容仅供参考。First Advantage(首优咨询有限公司)并非律师事务所,本内容不构成且不代表任何形式的法律意见。本内容所含信息并非最新的法律或其他资讯。

本内容读者应针对个人具体情况咨询其自有法律顾问。任何读者以及使用者均不应基于本内容信息采取行动或不采取行动。唯有您的执业律师或法律顾问能够确保本内容所含信息及您对其之解读适用或适合您的特定情况。使用或查看本内容不会使读者以及使用者与First Advantage(首优咨询有限公司)建立律师-客户关系。

About First Advantage

在整个招聘过程中,全球领先的人力资源团队选择首优咨询完成背景调查、身份验证、安全评估和合规审批。我们一贯力求实现技术与人员之间的平衡,以创新助您智慧招聘,迅捷上岗。

全心全意,以人为本

首优咨询致力于环境、社会和公司治理举措优化,以提升工作环境。

现已发布!

2024年趋势报告揭示行业洞察