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Under this program if an employee works at least 120 hours a year, a company can claim a 25 percent tax credit of their first year's wages and 40 percent if he or she works 400 hours.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Work_Opportunity_Tax_Credit&oldid=455935486"https://en.wikipedia.org/w/index.php?title=Work_Opportunity_Tax
The Work Opportunity Tax Credit (WOTC) is a federal tax credit providing incentives to employers for hiring groups facing high rates of unemployment, such as veterans, youths and others. WOTC helps these targeted groups obtain employment so they are able to gain the skills and experience necessary to obtain better future job opportunities.
WOTC may refer to: Wizards of the Coast, an American publisher of fantasy and science fiction games; Work Opportunity Tax Credit, an American federal tax credit for employers; XCOM 2: War of the Chosen, the expansion pack to the 2016 turn-based tactics videogame XCOM 2; WOTC, a radio station in Edinburg, Virginia
Gov. Phil Murphy is expected to provide more than $3.5 billion in tax relief in the coming fiscal year that starts July 1, supporting his message that he is aiming to make New Jersey more ...
Since 2018, New Jersey has approved $723 million in tax subsidies for film, television and “digital media” productions, public records show.
The Small Business Job Protection Act of 1996 (Pub. L. 104–188 (text), H.R. 3448, 110 Stat. 1755, enacted August 20, 1996) is a United States federal law.It was sponsored by Rep. Bill Archer (R-TX) and it was signed into law by President Bill Clinton.
Although the Empowerment Zone wage tax credit program expired on December 31, 2011, credits can still be claimed by amending tax returns for the years 2009, 2010, and 2011. The Renewal Community program expired on December 31, 2009, but a company can still amend its tax return for 2009 to claim the available credits. [5]
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