Nonprofits in Jobs Proposal from President Obama
The Small Business Jobs and Wages Tax Cut proposal will provide a tax credit on payroll taxes for every net new employee hired in 2010. The credit would be available to ANY employer of ANY size, but is capped at $500,000 per employer (the equivalent of 100 new employees), so the benefits will be used primarily by smaller employers. More information can be found here.
Tags: Nonprofits, economic recovery, job creation
Replies to This Discussion
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Permalink Reply by Mark Lindenlaub on -
How about an payment directly to the not-for-profit organization who hires a new employee that is equivalent to the tax break enjoyed by the for-profit?
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Permalink Reply by NeighborWorks America on -
Congress Approves Jobs Tax Break
The Senate has passed legislation that would give tax breaks to nonprofit and other employers that hire unemployed workers.
Click Here for more details.
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