DOL Releases STC Funding Levels and Guidance
On February 22, 2012, the president signed the Middle Class Tax Relief and Job Creation Act of 2012 (P.L. 112-96). The law provides $99.8 million in new grants to states for Short-Time Compensation (STC) programs. On August 13, 2012, the Department of Labor (DOL) released guidance on the program, including application materials and state-by-state maximum grant awards. This Issue Brief provides background on STC programs and highlights from DOL’s recent guidance.