Rep. Aaron Schock Introduces WOTC Renewal Bill
In the wake of the stalling of “The Expire Act”, Aaron Schock of Illinois, a member of House Ways and Means, has introduced H.R. 5264 “To amend the Internal Revenue Code of 1986 to make the work opportunity credit permanent.” This measure would extend WOTC permanently, and also retroactively renew WOTC to cover the current hiatus that began on Jan 1, 2014. Importantly, this bill is specific to WOTC and does not pertain to any other “tax extender”. Mr. Schock previously, in 2012, introduced a similar bill – H.R. 2082 which was able to garner 30 co-sponsors, but was not ultimately enacted into law.
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