WOTC Extended

On January 3, 2013, President Obama signed into law the American Tax Payer Relief Act of 2012, which, among many other provisions, authorized an extension of the Work Opportunity Tax Credit (WOTC) program. The Act contains the following major provisions regarding WOTC:

• Continues authorization of all veteran target groups (including those implemented under the VOW to Hire Heroes Act) until December 31, 2013;
• Retroactively reauthorizes all WOTC non-veteran target groups, from December 31, 2011 to December 31, 2013;
• Retroactively reauthorizes Empowerment Zones, which determines eligibility for the summer youth target group, from December 31, 2011, to December 31, 2013; and
• Does not reauthorize the Recovery Act disconnected youth and Recovery Act unemployed veteran target groups.