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Bipartisan Budget Act of 2018 Extends Empowerment Zone Tax Incentives And Indian Employment Tax Credit Through 2017

By: Paul Suplizio, President, WOTC Coalition The House passed the Bipartisan Budget Act early this morning, 240-186, and sent the bill to the President, who has signed it. The bill becomes law as of today, February 9.

Employers can begin claiming certifications issued by State Workforce Agencies for 2017 WOTC hires of Empowerment Zone residents, 2017 Empowerment Zone tax credits, and 2017 Indian Employment tax credits, effective today.

MARS STOUT continued to screen for these credits after the programs expired on December 31, 2016 to prevent any loss of credit if they were retroactively reinstated. Since that has now occurred, we’re prepared to provide these credits when your tax department needs them for filing.

Extension of Indian Employment Tax Credit is at Section 40301, p.199 of the Senate amendment. Empowerment Zone tax incentives are at Section 40311, p.203. The bill extends these provisions and most other extenders through 2017, not 2018 as the Senate advocated.