US SB223 | 2019-2020 | 116th Congress

Status

Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 24 2019 - 25% progression, died in committee
Action: 2019-01-24 - Read twice and referred to the Committee on Finance. (text: CR S589-590)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Allows a Patriot employer a business-related tax credit equal to 10% of up to $15,000 of wages paid to any employee in a taxable year. The bill sets forth criteria for designation as a Patriot employer, including requirements that the employer maintain its headquarters in the United States and not expatriate to avoid payment of U.S. income taxes, comply with the employer mandate to provide minimum essential health care coverage to its employees under the Patient Protection and Affordable Care Act, provide employees with paid sick leave or paid family and medical leave, compensate at least 90% of its employees at an hourly rate that is at least 218% of the federal poverty level for an individual for the calendar year divided by 1,750 and provide at least 90% of its employees with a basic level of retirement benefits, provide for differential wage payments to its employees who are members of the Uniformed Services, have a written policy in place for the recruitment of employees who have served in the Uniformed Services or who are disabled, and increase the number of its employees performing substantially all of their services inside the United States to offset the number of employees who work outside the United States.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

Patriot Employer Tax Credit Act

Sponsors


History

DateChamberAction
2019-01-24SenateRead twice and referred to the Committee on Finance. (text: CR S589-590)

Same As/Similar To

HB802 (Related) 2019-01-25 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

feedback