HB2 Maryland’s Work Opportunity Tax Credit

HB2 is modeled on awidely supported federal tax credit known as the Work Opportunity Tax Credit, or WOTC, that has been law since 1996. WOTC is supported by a broad-based coalition as it provides employers a modest tax credit to hire individuals from ten different categories of people that have faced barriers to entering the workforce.The categories target potential employees on state programs, the most significant numbers come from the following categories: SNAP or ‘food stamps’, TANF, Long Term Unemployed, Reentering convicted felons, or Disabled veterans.