United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2011-01-06 U.S. Government Printing Office 2001-03-13 monographic deposited born digital 46 p. GA 1.13:GAO-01-329 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-01-329 P0b002ee180ba7a1d f:d01329 DGPO 2011-01-06 2011-03-24 GAOREPORTS-GAO-01-329 machine generated eng fdlp REPORT GAOREPORTS-GAO-01-329 GAO-01-329 Other Written Product In 1997, 4,369 corporations earned a total of $135 million in Work Opportunity Tax Credits (WOTC). The employers who earned most of the credit were large companies with gross receipts exceeding $1 billion and engaged in nonfinancial services and retail trade. GAO's analysis of state agency data for California and Texas from 1997 through 1999 showed that three percent of participating employers accounted for 82 percent of all hires of WOTC-certified workers. Many employers who participated in the tax credit program in those two states in 1999 say that, besides the opportunity to obtain the credit, their participation in the program was also greatly influenced by such factors as the need to address a labor shortage and the opportunity to be a good corporate citizen. The results of GAO's two state analysis indicate a low probability of replacing employees who were not eligible for the tax credit. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-01-329/html/GAOREPORTS-GAO-01-329.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-01-329/pdf/GAOREPORTS-GAO-01-329.pdf GAO-01-329 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-01-329 Other Written Product GAO-01-329; Work Opportunity Tax Credit: Employers Do Not Appear to Dismiss Employees to Increase Tax Credits DATE: 03/13/2001 SUBJECT; Public Law 104-188 Public Law 106-554