Bill Text: MI HR0198 | 2021-2022 | 101st Legislature | Enrolled
Bill Title: A resolution to urge Congress to support legislation to strengthen the Workforce Opportunity Tax Credit (WOTC).
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2021-12-14 - Adopted [HR0198 Detail]
Download: Michigan-2021-HR0198-Enrolled.html
house resolution no.198
Rep. Tisdel offered the following resolution:
Whereas, The Workforce Opportunity Tax Credit (WOTC) encourages businesses to hire employees in certain groups that face significant barriers to employment. The credit helps to defer the costs of recruiting, training, and employing these individuals; and
Whereas, Since its creation, the WOTC has not kept up-to-date with rising labor costs. The maximum credit amount has not been updated since the credit was created in 1996, limiting its effectiveness in incentivizing businesses to hire individuals from the targeted groups; and
Whereas, The economic effects of the COVID-19 Pandemic have made it more important than ever to strengthen the WOTC. The credit targets jobs to those groups that have been disproportionately impacted by the pandemic. Increasing the credit amount will also help businesses to recover from the pandemic by defraying the costs of hiring these individuals as labor costs rise; and
Whereas, Legislation has been introduced to strengthen the WOTC. H.R. 3449 of 2021, also known as the Hiring Incentive to Return Employment (HIRE) Act, would temporarily increase the credit amount for all targeted groups for two years. The bill would also eliminate the credit's prohibition on rehiring employees for this two-year period; now, therefore, be it
Resolved by the House of Representatives, That we urge Congress to support legislation to strengthen the Workforce Opportunity Tax Credit (WOTC); and be it further
Resolved, That copies of this resolution be transmitted to the Speaker of the United States House of Representatives, the President of the United States Senate, and the Michigan congressional delegation.
