Both the House and the Senate have shown strong interest in the Work Opportunity Tax Credit in 2019, and as you can see from the table below, that interest has been bubbling all year long. The Work Opportunity Tax Credit is currenly scheduled to expire on December 31st, 2019.
As of August 23rd there are a total of 17 bills that pertain to the Work Opportunity Tax Credit. This includes the Hire Student Veterans Act, INVEST Act, Military Spouse Hiring Act, Hire A Hero Act of 2019 and H.R.2213 a bill from Representative Mike Thiompson [D-CA] to amend the Internal Revenue Code of 1986 to make the work opportunity credit permanent. This bill has 25 cosponsors at the moment. At CMS, as WOTC service providers, we would love to see the Work Opportunity Tax Credit not just be renewed before the end of 2019, but become permanent. Brian Kelly: Making the Work Opportunity Tax Credit (WOTC) Permanent Makes Sense.
Support for Veterans
Representatives and Senators appear very eager to support Veterans, Student Veterans, Military Spouse or Partners using the Work Opportunity Tax Credit. In addition to Veterans, the disabled, an extended Summer Youth category, and a new Foster Youth category might be possibilities that we see in the future.
No Time to Waste
2019’s sessions got off to a quick start with early introductions of acts relating to WOTC in both the House and Senate, and has continued all year.
|Bill Number||Name||Sponsor||Co-Sponsors||Committees:||Introduced||Latest Action|
|H.R.322||INVEST Act||Rep. Lee, Barbara [D-CA-13]||1||House – Ways and Means||01/08/2019||01/08/2019|
|H.R.413||Hire A Hero Act of 2019||Rep. Plaskett, Stacey E. [D-VI-At Large]||19||House – Ways and Means||01/09/2019||01/09/2019|
|S.255||Disability Employment Incentive Act||Sen. Casey, Robert P., Jr. [D-PA]||7||Senate – Finance||01/29/2019||01/29/2019|
|H.R.1196||Jobs for Veterans Act of 2019||Rep. King, Peter T. [R-NY-2]||5||House – Ways and Means||02/13/2019||02/13/2019|
|S.537||Hire Student Veterans Act||Sen. Rosen, Jacky [D-NV]||7||Senate – Finance||02/25/2019||02/25/2019|
|S.978||Work Opportunity Tax Credit and Jobs Act||Sen. Portman, Rob [R-OH]||7||Senate – Finance||04/02/2019||04/02/2019|
|H.R.2213||To amend the Internal Revenue Code of 1986 to make the work opportunity credit permanent||Rep. Thompson, Mike [D-CA-5]||25||House – Ways and Means||04/10/2019||04/10/2019|
|H.R.2499||Hire Student Veterans Act||Rep. Lee, Susie [D-NV-3]||1||House – Ways and Means||05/02/2019||05/02/2019|
|H.R.2667||Military Spouses Employment Act||Rep. Carter, John R. [R-TX-31]||1||House – Ways and Means||05/10/2019||05/10/2019|
|H.R.2740||Labor, Health and Human Services, Education, Defense, State, Foreign Operations, and Energy and Water Development Appropriations Act, 2020||Rep. DeLauro, Rosa L. [D-CT-3]||0||House – Appropriations||05/15/2019||06/19/2019 (Passed House)|
|H.R.2845||Helping to Encourage Real Opportunities (HERO) for At-Risk Youth Act||Rep. Kelly, Robin L. [D-IL-2]||0||House – Ways and Means||05/20/2019||05/20/2019|
|S.1550||Helping to Encourage Real Opportunities (HERO) for At-Risk Youth Act of 2019||Sen. Durbin, Richard J. [D-IL]||1||Senate – Finance||5/20/2019||05/20/2019|
|H.R.2912||Military Spouse Hiring Act||Rep. Delgado, Antonio [D-NY-19]||29||House – Ways and Means||05/22/2019||05/22/2019|
|H.R.2964||Improved Employment Outcomes for Foster Youth Act of 2019||Rep. Davis, Danny K. [D-IL-7]||1||House – Ways and Means||05/23/2019||05/23/2019|
|S.1651||Improved Employment Outcomes for Foster Youth Act of 2019||Sen. Casey, Robert P., Jr. [D-PA]||2||Senate – Finance||05/23/2019||05/23/2019|
|H.R.3123||Supermarket Tax Credit for Underserved Areas Act||Rep. Cohen, Steve [D-TN-9]||12||House – Ways and Means||06/05/2019||06/05/2019|
|S.1802||Jobs and Childcare for Military Families Act of 2019||Sen. Kaine, Tim [D-VA]||5||Senate – Finance||06/12/2019||06/12/2019|
One to watch: Senator Robert P. Casey, Jr. [D-PA], has introduced two bills to the Senate Improved Employment Outcomes for Foster Youth Act of 2019, and Disability Employment Incentive Act.
The Work Opportunity Tax Credit (WOTC) is a federal tax credit available to employers who hire individuals from eligible target groups who are qualified for positions but face significant barriers to employment.
At CMS we are watching all of this activity with a keen eye, as the expiration of the WOTC looms at the end of 2019.