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WOTC Survives Tax Reform Compromise!

After a flurry of last-hour compromise, the the Tax Cuts and Jobs Act (aka Republican tax reform bill) was finalized on Friday.  At about 5:30 PM Eastern, an updated copy of the bill was released to the public (see Business Tax Reform, Section E (4).)

The pic below is from the the Business Tax Reform section, subsection E(4) dealing with the proposed repeal of the Work Opportunity Tax Credit.  While indicating that the House Bill would have repealed the tax credit, it also states that the Senate bill had no such provision. More importantly, “The conference agreement does not follow the House bill provision.”

The image above shows an excerpt from the final legislation.

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By | 2018-05-30T18:31:47+00:00 December 15th, 2017|Categories: Work Opportunity Tax Credit|Tags: , , , |2 Comments

2 Comments

  1. Jarrod Johnson December 16, 2017 at 11:13 am

    The WOTC directly impacts me. I have been so nervous about its repeal. Thank you so much for clarifying its survival!

  2. Laine December 18, 2017 at 7:37 am

    Excellent! Thanks for sharing!

    Shoot me an email please, I’d like to talk with you offline.

    Thanks!

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