US SB1548 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on May 20 2019 - 25% progression, died in committee
Action: 2019-05-20 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 20 2019 - 25% progression, died in committee
Action: 2019-05-20 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Increases the corporate income tax rate from 21% to 35% for corporations participating in a labor lockout during the taxable year. A "labor lockout" is a dispute involving a work stoppage, wherein an employer withholds work from its employees in order to gain a concession from them. The bill also denies certain tax deductions and credits for remuneration (including wages or other benefits) paid by the taxpayer to a temporary replacement worker during a labor lockout.
Title
Prohibiting Incentives for Corporations that Kickout Employees Tax (PICKET) Act
Sponsors
| Sen. Jon Tester [D-MT] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-05-20 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
Corporate finance and management
Income tax credits
Income tax deductions
Income tax rates
Labor-management relations
Research and development
Taxation
Temporary and part-time employment
Wages and earnings
Income tax credits
Income tax deductions
Income tax rates
Labor-management relations
Research and development
Taxation
Temporary and part-time employment
Wages and earnings
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/1548/all-info |
| Text | https://www.congress.gov/116/bills/s1548/BILLS-116s1548is.pdf |
