Work Opportunity Tax Credits In The News

Keep up-to-date with the latest news on Work Opportunity Tax Credits (WOTC) with our blog. We monitor all the legislative news and updates to keep you informed. Here are some of the latest WOTC news updates from around the web this month:

The Family and Business Tax Cut Certainty Act of 2012
The Senate Finance Committee has approved “The Family and Business Tax Cut Certainty Act of 2012.”  The committee approved the package of more than $205 billion in tax cut extensions for families and businesses by a bipartisan vote of 19-5. 

Tax Credit expert Brian Kelly comments on the Family and Business Tax Cut Certainty Act of 2012
CMS’s tax credit expert Brian Kelly comments on the new The Family and Business Tax Cut Certainty Act of 2012 that includes provisions to extend the Work Opportunity Tax Credit through 2013, and retroactively back to the beginning of 2012.

Baucus/Hatch Bill Extends Work Opportunity Tax Credit
On Thursday, the Senate Finance Committee completed markup of the Baucus/Hatch tax extenders bill by approving the bill on a vote of 19-5. The bill contains a two-year retroactive extension of the work opportunity tax credit (WOTC) in its present form, through December 31, 2013.

Quinn signs bill to extend enterprise zones for 25 years
Gov. Pat Quinn on Tuesday signed into law a bill that extends the life span of special taxing districts by 25 years, encourages communities to compete for such districts and requires corporate reporting to help determine whether the districts are draining away tax revenue that otherwise would flow to state coffers.

Illinois Leaders Applaud Enterprise Zone Extension
Business leaders in the Illinois Valley area hailed the passage of a bill that extends the life of enterprise zones by an additional 25 years. Tuesday, Gov. Pat Quinn signed a new law extending the Illinois Enterprise Zone program. Public Act 97-905 should create greater long-term stability for businesses and attract more investment in Illinois by providing a 25-year extension of the program.

WOTC Hiring Veterans
Are you planning on hiring veterans in 2012? Learn about a new tax law change that affects employers who hire veterans in 2011 and 2012 with this IRS video.

Senator Blumenthal Promotes Hiring of Veterans
U.S. Senator Richard Blumenthal visited with veterans this week at Bristol’s Arna Machine to help promote hiring and tax credits.

Employer Network Promotes Jobs for Wounded Veterans
A national network of more than 100 U.S. employers is on a mission to find, hire and accommodate injured military veterans in the workplace. The Network of Champions, which grew out of a recruiting program for wounded former service members at Northrup Grumman, has spread largely by word of mouth. And it’s still growing—as is the need.

Social Media: The GPS for Finding Vets to Fill Jobs 
Social media can be a valuable tool for organizations looking to recruit military veterans who are transitioning to the civilian world, according to Lisa Rosser, a military recruiting expert.

Follow us on Twitter, Facebook, LinkedIn and our Blog to keep informed.

About CMS

CMS helps companies of all sizes save money by taking advantage of the Work Opportunity Tax Credit. Call Brian Kelly at 1-800-517-9099 today to see if it makes sense for you.