President Trump Signs Spending Bill, WOTC Renewed through December 31st, 2020

As a leading provider of Work Opportunity Tax Credit (WOTC) administration services, Cost Management Services (CMS) has been diligently watching the renewal status of the Work Opportunity Tax Credit all year long.

This week both the House and Senate voted to approve H.R. 1865, Further Consolidated Appropriations Act, 2020, which includes a one-year extension for WOTC, including the VOW To Hire Heroes Act and retroactive extensions for Federal Empowerment Zones (FEZ) and the Indian Employment Credit (IEC). Today, President Trump has signed it into law.

The legislation includes renewing and extending to December 31, 2020:

  • Indian Employment Credit (IEC) from 2017
  • Federal Empowerment Zones (FEZ) from 2017
  • Work Opportunity Tax Credit, (Renewed through 12/31/2020)

CMS’s Brian Kelly said of the renewal: “We are extremely pleased with the news that the Work Opportunity Tax Credit has been renewed and extended through the end of 2020. We have customers from all across the United States anticipating tax credits, and due to its extension they will be pleased to know that there is no hiatus for the program.”

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