[19980514]97-540E_就业机会税收抵免和第105届国会.pdf

Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS Web97-540 EUpdated May 14, 1998The Work Opportunity Tax Credit andthe 105 CongressthLinda LevineSpecialist in Labor EconomicsEconomics DivisionSummaryThe Work Opportunity Tax Credit (WOTC) was initiated in the Small Business JobProtection Act of 1996 (P.L. 104-188). It is a temporary measure intended to encouragefor-profit employers to hire members of specifically designated groups thought toexperience recurring problems in the labor market. The Taxpayer Relief Act of 1997(P.L. 105-34) modified the employment credit and extended it through June 30, 1998.H.R. 3125 would extend WOTC for 3 years, through June 30, 2001; other bills wouldincrease the number of eligible groups, apply WOTC to the employment taxes of tax-exempt organizations, and allow the credit against the alternative minimum tax. P.L.105-34 also initiated a new credit, the Welfare-to-Work Tax Credit (WWTC), topromote employment of long-term welfare recipients. It is authorized to run throughApril 30, 1999. In its FY1999 budget request, the Administration has proposedextending the WOTC and WWTC through April 30, 2000.Wha