NASHVILLE, May 21, 2013 — Changes to Tennessee’s Work Opportunity Tax Credit process that passed in 2012 are in effect and could make a big different for your small business.
“We supported legislation in 2012 that made the Work Opportunity Tax Credit process easier and faster for interested employers,” said Jim Brown, state director of NFIB/Tennessee, the state’s leading small-business association. “Prior to this new law, the processing delays were excessive.”
SB 2727/HB 2938, sponsored by Sen. Brian Kelsey (Germantown) and Rep. Cameron Sexton (Crossville), cuts red tape by requiring the state agency responsible for processing applications for grant funds to accept electronic signatures in the same manner as it accepts physical signatures.
To find out how the Work Opportunity Tax Credit could help your business, visit https://news.tn.gov/node/10733.