Tax Credits Blog

New York will take a year to catch up

Talked to Bonnie Lance today, WOTC coordinator, and she indicated that it will take the better part of this year to catch up on 2012 and 2013 certifications. She commented that they had over 100,000 applications to process, they didn't have the manpower (nor budget) to move any faster. Companies are going to have to file their 2012 returns without the lion's share of the credits if they are a NY company.

 

Other states have almost already caught up - Pennsylvania, Maine, Virginia are three of the best.

 

We continue our quest to make permanent changes in the tax code to accomodate these credits but its an uphill battle with all the positioning in Congress, the Senate and the White House.

 

Ken Brice

 

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