LCO No. 5778 1 of 2 General Assembly Committee Bill No. 360 January Session, 2019 LCO No. 5778 Referred to Committee on LABOR AND PUBLIC EMPLOYEES Introduced by: (LAB) AN ACT CONCERNING TH E PROCESSING OF WORK O PPORTUNITY TAX CREDIT APPLICATIONS. Be it enacted by the Senate and House of Representatives in General Assembly convened: Section 1. (NEW) (Effective July 1, 2019) (a) The Department of Labor 1 shall: (1) Process forty per cent of all Work Opportunity Tax Credits 2 submitted and in its possession not later than July 1, 2020, (2) process 3 sixty per cent of all Work Opportunity Tax Credits submitted and in its 4 possession not later than July 1, 2021, (3) process eighty per cent of all 5 Work Opportunity Tax Credits submitted and in its possession not 6 later than July 1, 2022, and (4) process one hundred per cent of all 7 Work Opportunity Tax Credits submitted and in its possession not 8 later than July 1, 2023. 9 (b) Not later than July 1, 2020, the Department of Labor shall pursue 10 a method to receive and process all applications for Work Opportunity 11 Tax Credits electronically. Such method shall include the ability to 12 receive or access information electronically held by other relevant state 13 agencies. 14 Committee Bill No. 360 LCO No. 5778 2 of 2 This act shall take effect as follows and shall amend the following sections: Section 1 July 1, 2019 New section Statement of Purpose: To require the Labor Department to process applications for the Work Opportunity Tax Credit and issue the tax credit certifications in a timely manner. [Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.] Co-Sponsors: SEN. FORMICA, 20th Dist. S.B. 360