Fair Chance Hiring Toolkit

Oklahoma Coordinator: Oklahoma Employment Security Commission Pam Hoskins, Program Manager, Targeted Populations P.O. Box 52003 Oklahoma City, OK. 73152 (405) 557-5474 Pam.Hoskins@oesc.state.ok.us WORK OPPORTUNITY TAX CREDIT The Work Opportunity Tax Credit (WOTC) is a federal tax credit program available to employers who hire new employees from targeted groups that have historically had difficulty finding employment. This includes but is not limited to veterans, people who qualify for vocational rehabilitation, and the formerly incarcerated. The credit is used to reduce the federal tax liability of private for-profit employers. WOTC Tax Savings •For employees who work at least 120 hours but less than 400 hours, WOTC tax savings are calculated at 25% of the qualified first-year wages—a savings of $1,500 for the employer. •For employees who work 400 hours or more, WOTC tax savings are calculated at 40% of the

qualified first year wages up—a savings of $2,400 for the employer.

For employers who wish to hire justice-involved individuals, the following definition applies:

An “ex-felon” is a person who has been CONVICTED (not just charged) with a felony. They must be hired within one year being convicted of the felony OR within one year of being released from prison for incarceration for the felony. Applying For WOTC Certification The employer must complete IRS Form 8850 (PreScreening Notice and Certification Request) and the ETA Form 9061 (Individual Characteristic Form) by the date of the job offer. The ETA Form 9062 is to be only used and completed by the state workforce agency (SWAs). Certification requests should be mailed to:

Oklahoma Employment Security Commission Attn: WOTC UNIT P.O. Box 52003 Oklahoma City, OK 73152-2003 Eligibility Process

Once the employer returns the completed forms to the Oklahoma Employment Security Commission, an eligibility

10

Made with FlippingBook - professional solution for displaying marketing and sales documents online