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Accession Number
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PB2013-104399
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Title
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Work Opportunity Tax Credit (WOTC), February 4, 2013.
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Publication Date
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Feb 2013
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Media Count
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20p
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Personal Author
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C. Scott
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Abstract
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The Work Opportunity Tax Credit (WOTC) is meant to induce employers to hire members of families receiving benefits under the Temporary Assistance to Needy Families (TANF) program and other groups thought to experience employment problems regardless of general economic conditions (e.g., food stamp recipients and ex-felons). In 1997, Congress passed the Welfare-to- Work (WtW) tax credit to focus specifically on more disadvantaged TANF recipients. The 109th Congress folded the WtW credit into a revised WOTC as part of the Tax Relief and Health Care Act of 2006.
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Keywords
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Benefits
Disadvantaged groups
Economic conditions
Employers
Employment
Incentives
Tax credits
Temporary Assistance to Needy Families(TANF)
Work Opportunity Tax Credit(WOTC)
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Source Agency
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Congressional Research Service
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NTIS Subject Category
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70D - Personnel Management, Labor Relations & Manpower Studies
92C - Social Concerns
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Corporate Author
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Congressional Research Service, Washington, DC.
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Document Type
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Technical report
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Title Note
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Rept. to Congress.
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NTIS Issue Number
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1311
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Contract Number
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N/A
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