Making the Work Opportunity Tax Credit a Success for Small Business: Hearing Before the Subcommittee on Tax, Finance, and Exports of the Committee on Small Business, House of Representatives, One Hundred Sixth Congress, Second Session, Washington, DC, May 4, 2000, Volume 4
United States. Congress. House. Committee on Small Business. Subcommittee on Tax, Finance, and Exports
U.S. Government Printing Office, 2000 - Employment tax credit - 93 pages
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able agency allow amount apply assistance benefits bill CARROLL certification Chairman MANZULLO Committee companies complete Congress Congressman continue costs course Department district economic effort eligible employers employment English enter ex-felons experience extension food stamps give going hire House important incentive income individuals interested Internal issues Labor least LITTLEJOHN look manager McCarthy Means months move offered Opportunity Tax Credit organizations paperwork participate Partnership payments percent period permanent person problem qualify questions receiving reduce reform released REPRESENTATIVES request rolls Security skills small businesses statement Subcommittee success talk target group Tennessee Texas Thank things trying United wages Washington welfare recipients WELLER workers workforce WOTC WOTC program
Page 64 - Stamp benefits for the 6-month period ending on the hiring date, or receiving benefits for at least 3 months of the 5-month period ending on the hiring date in the case of...
Page 77 - Please feel free to contact me if you have any additional questions and/or comments regarding any phase of Federal Impact Legislation (Public Laws 815 and 874).
Page 3 - I would like to thank you and the members of this committee for the opportunity to testify on the measures presently under consideration.
Page 85 - Those definitions were revised first by the Ticket to Work and Work Incentives Improvement Act of 1999 (PL 106-170) and then by the Economic Growth and Tax Relief Act of 2001 (PL 107-16).
Page 64 - ... 5-month period ending on the hiring date in the case of family members no longer eligible for assistance under section 6(0) of the Food Stamp Act of 1977; (4) high-risk youth (ie, 18-24 year olds whose principal place of abode is an empowerment zone, renewal community, or an enterprise community); (5) summer youth (ie, 16-17 year olds hired for any 90-day period between May 1 and September 15 whose principal place of abode is an empowerment zone, renewal community, or an enterprise community);...
Page 64 - Act for any month ending within the 60-day period ending on the hiring date. During the first year in which a WOTC-eligible person is hired, the employer can claim an income tax credit of 40% of the first $6,000 earned if the worker is retained for at least 400 hours. If the WOTC-eligible hire is retained for 120-399 hours, the subsidy rate is 25%. For summer youth employees...