Weekly Legislative Update Oct. 3, 2022

Senate Approves Stopgap Bill to Fund Government, Provide More Ukraine Aid
 
The Senate approved legislation to keep the federal government operating until mid-December as well as fund new aid for Ukraine.
 
The legislation, which passed 72-25, would prevent a partial government shutdown after the current fiscal year was set to expire on September 30th.
     
 
IRS Updates Information on Tax Credit Helping Businesses to Hire Certain Categories of Workers
 
The IRS updated information on the Work Opportunity Tax Credit (WOTC), available to employers that hire designated categories of workers who face significant barriers to employment.
 
For employers facing a tight job market, the WOTC may be able to help.
 
The updates include information on the pre-screening and certification process. To satisfy the requirement to pre-screen a job applicant, on or before the day a job offer is made, a pre-screening notice (Form 8850, Pre-Screening Notice and Certification Request for the Work Opportunity Credit) must be completed by the job applicant and the employer.
 
The Targeted Jobs Tax Credit (TJTC), which preceded WOTC, did not contain a pre-screening requirement. In enacting WOTC to replace the TJTC in 1996, Congress included the requirement that employers pre-screen job applicants before or on the same day the job offer is made. In doing so, Congress emphasized that the WOTC is designed to incentivize the hiring and employment of certain categories of workers.
 
After pre-screening a job applicant, the employer must then request certification by submitting Form 8850 to the appropriate state workforce agency no later than 28 days after the employee begins work. Other requirements and further details can be found in the instructions PDF to Form 8850.
 
WOTC has 10 designated categories of workers. The 10 categories are:
  1. Qualified IV-A Temporary Assistance for Needy Families (TANF) recipients
  2. Certain veterans, including unemployed or disabled veterans
  3. The formerly incarcerated or those previously convicted of a felony
  4. Designated community residents living in Empowerment Zones or Rural Renewal Counties
  5. Vocational rehabilitation referrals
  6. Summer youth employees living in Empowerment Zones
  7. Food stamp (SNAP) recipients
  8. Supplemental Security Income (SSI) recipients
  9. Long-term family assistance recipients
  10. Qualified long-term unemployment recipients.
 
Although the credit generally is not available to tax-exempt organizations, a special provision allows them to claim the WOTC against the employer’s share of Social Security tax for hiring qualified veterans.
 
These organizations claim the credit on Form 5884-C, Work Opportunity Credit for Qualified Tax-Exempt Organizations Hiring Qualified Veterans.
 
Visit the WOTC page on IRS.gov for more information.
     
 
Changes to Posting Requirements Prompt New Jersey Employers to Ensure Compliance
 
The New Jersey Division on Civil Rights (DCR) recently published final regulations that change the content of certain required notifications New Jersey employers must provide to employees.
 
The DCR announced that these changes are effective immediately and are intended to better inform individuals of their rights under the New Jersey Law Against Discrimination (LAD) and the New Jersey Family Leave Act (FLA).
 
Simultaneous with the publication of the regulations, the DCR posted on its website new versions of the required LAD and FLA posters. Because the regulations took effect immediately, now is the time for New Jersey employers to update their posters to ensure compliance with the regulations.
     
 
Support TIA’s Government Affairs Efforts in Washington
TopGolf Challenge
 
TIA has organized a golf outing at TopGolf Las Vegas to benefit TIA’s government affairs efforts. The fun-filled day will include reserved bays, two-hours of golf, food, drinks and fun!
 
TIA serves a vital role representing all aspects of the tire industry at the state and federal levels of government protecting its members’ interests. TIA takes leadership positions on legislative matters that could impact our member’s bottom line including taxes, general business and employment issues, right to repair laws, and health
care reform.
 
Join us for a fun-filled afternoon of golf, laughter and networking for a worthy cause. There’s no pressure –whether you’re an avid golfer or have never swung a club, TopGolf is the spot for you. We hope you can join us for this afternoon of fun to support the association.
 
Sunday, October 30, 2022
2:00 p.m. – 4:00 p.m.
TopGolf Las Vegas
 
CLICK HERE for more information and sponsorship opportunities.