WOTC law status update

December 20, 2013

Yesterday Senator Reid introduced S.1859, a bill to extend most expiring tax provisions through 2014.

WOTC is extended, “as is” in S. 1859 through December 31^st 2014.

Today, before Congress adjourned until January 3^rd, Senator Reid announced the first business day for the Senate next year will be January 6^th, and that at 5:30 PM on January 6^th a cloture vote to limit debate and move to final passage of the measure will be taken.  Sixty votes will be required to invoke cloture and move to final passage.  This will be the decisive vote on the bill.

Enormous thanks to all who labored to turn matters around in the Senate and bring us this far in the campaign. We should renew our contacts with all senators on January 3^rd and urge them to vote for cloture on S. 1859 when the Senate votes on January 6^th.

PAUL E. SUPLIZIO

President, WOTC Coalition

Happy Holidays!

Happy Holidays from all of us at WOTC Solutions. Our offices will be closed the afternoon of Tuesday, December 24 and Christmas Day. Have a safe and happy holiday!

WOTC Update

As we prepare for the end of the year and the beginning of 2014, we want to update you on the status of the law that authorizes the Work Opportunity Tax Credit (WOTC). We try to keep a close eye on what’s happening in Washington to make sure the WOTC program remains useful for you.

Unfortunately the WOTC law is (again) set to expire on December 31, 2013. This is a frustratingly frequent event, and in the past the law has always been retroactively reinstated -- and we expect the same in 2014. The challenge for all of us is that state WOTC offices will not process applications and cannot not release Certificates while the law is not in effect.

What can I expect now?

We are doing everything we can to apply pressure to the State WOTC offices to get pending Certificates released before January 1. You need these certificates in order to claim the credit when paying your taxes in 2014. Of course, the progress and timing of issuing these certificates is quite out of our control, and some State offices do better than others. Please do keep this is in mind: any WOTC credits you earn can be used for 20 years, so they can be applied to your tax liability at just about any point in the future.


What can I do?

Most importantly, stay current on your WOTC paperwork. If you’d like to do more, contact your House Representative to express to him or her the importance of this law to your business. Contact from local constituents has a major impact on votes in Congress, so please know that your voice can make a difference. If you would like us to help you with talking points or prepare an email to send, please email us and we’ll get right back with you.