Connecticut Senate Bill SB00360

Connecticut 2019 Regular Session

• Introduced: 1/23/19
• Refer: 1/23/19
• Refer: 3/13/19
• Report Pass: 3/19/19
• Refer: 3/29/19
• Report Pass: 4/4/19
• Refer: 5/8/19

Caption

An Act Concerning The Processing Of Work Opportunity Tax Credit Applications.

Impact

The implementation of SB00360 is expected to streamline the process for applying for WOTC, which can significantly affect state laws pertaining to employment and taxation. By establishing firm deadlines for the processing of tax credit applications, the bill aims to enhance the responsiveness of state agencies to business needs, thereby fostering an environment that may lead to increased employment opportunities for individuals eligible for the program. This could potentially bolster the local economy, as businesses might be more inclined to hire from targeted groups with the assurance that tax credits will be processed timely.

Summary

SB00360, titled 'An Act Concerning The Processing Of Work Opportunity Tax Credit Applications', is a legislative measure aimed at enhancing the efficiency of the processing of applications for Work Opportunity Tax Credits (WOTC). The bill mandates the Labor Department to progressively improve its processing capabilities, requiring the Department to handle specific percentages of applications by designated dates over a four-year period. This structured timeline is intended to ensure that businesses can access tax credits to encourage the hiring of employees from certain disadvantaged groups more promptly and efficiently.

Sentiment

The sentiment surrounding SB00360 appears to be positive from both lawmakers and constituents, as the bill is viewed as a means to support job creation and economic development. The unanimous support it received during the voting process indicates a bipartisan agreement on the importance of tax incentives in stimulating hiring practices. Legislators expressed confidence that the improvements outlined in the bill would not only assist businesses in navigating the tax credit system but also contribute positively to employment rates in the state.

Contention

While SB00360 is generally favorable, some stakeholders may still raise concerns regarding the practicality of the deadlines set for the Labor Department and whether the required improvements in processing capabilities can be achieved. Critics could argue that without adequate resources and staffing, the goals established in the bill may not be realistically attainable. Furthermore, implications may arise regarding how effectively these tax credits can be communicated to and utilized by eligible employers, particularly those with fewer resources to navigate the application process.