Small Business and WOTC of 2007

May 25, 2007

On May 25, 2007, the President signed into law the Small Business and Work Opportunity Tax Act of 2007. This legislation extends the WOTC Program through August 31, 2011. This Act and the Tax-Relief and Health Care Act of 2006 signed into law on December 20, 2006, amend certain target group definitions, introduce new provisions that expand and streamline the WOTC Program, and make it easier for the business sector to participate. For example, P.L. 109-432 eliminated the Welfare-to-Work Tax Credit (WtWTC) by merging it into the WOTC and making the Long-term TANF Recipient another WOTC target group.