Monday, May 12, 2014

The latest on the EXPIRE act that includes the Work Opportunity Tax Credit

"Senators as early as this week are expected to start working over the tax extenders package cleared by the Finance Committee in April. The so-called EXPIRE Act includes a two-year extension of the renewable energy production tax credit at a cost of $13.35 billion, as well as credits for cellulosic biofuels, biodiesel and renewable diesels, home energy efficiency upgrades, new energy efficient homes and commercial buildings, alternative fuel refueling property, electric motorcycles, and fuel cell motor vehicles. The bill comes shortly after the House approved a bill making permanent an R&D tax credit." www.politico.com

If you have any specific questions regarding the WOTC application back-log in your state, please don't hesitate to contact us. More to come on the law's status as we know it.

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