Would Permanently Extend the Tax Credit
On April 10, Reps. G.T. Thompson (R-Pa.), Tom Reed (R-N.Y.), Bill Pascrell (D-N.J.), Tom Rice (R-S.C.) and Tom Suozzi (D-N.Y.) introduced AGC-backed legislation to make the Work Opportunity Tax Credit (WOTC) permanent. Created more than two decades ago, WOTC provides tax incentives to employers who hire certain disadvantaged groups, such as individuals dependent on public assistance, qualifying veterans, individuals with physical or mental disabilities, and the long-term unemployed. The credit enjoys broad bipartisan support but has consistently been extended in the past on a short-term basis. It is currently scheduled to expire at the end of 2019.
For further information, please contact Matthew Turkstra at [email protected] or (202) 547-4733.
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