Patriot Employer Tax Credit Act
Latest action · Jun 2, 2015 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJun 2, 2015
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Patriot Employer Tax Credit Act
Amends the Internal Revenue Code to allow a Patriot employer a business-related tax credit for up to 10% of the first $15,000 of wages paid to any employee in a taxable year. Sets forth criteria for designation as a Patriot employer, including requirements that such employer: (1) maintains its headquarters in the United States and does not expatriate to avoid payment of U.S. income taxes, (2) complies with the employer mandate to provide minimum essential health care coverage to its employees under the Patient Protection and Affordable Care Act, (3) compensates at least 90% of its employees at a level that is 156% of the federal poverty level for a family of three and provides 90% of its employees with a basic level of retirement benefits, (4) provides for differential wage payments to its employees who are members of the Uniformed Services, and (5) increases 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.
Sets forth a rule for the deferral of the tax deduction for foreign-related interest expense.
Cosponsors 3
Members who signed on, in the order they did. All signed on Jun 2, 2015.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-IL | Bobby L. Rush | Original | Jun 2, 2015 |
| D-MN | Keith Ellison | Original | Jun 2, 2015 |
| D-AZ | Raúl M. Grijalva | Original | Jun 2, 2015 |
Actions 2
Everything that happened, newest first.
- Jun 2, 2015Introduced in House
- Jun 2, 2015Referred to the House Committee on Ways and Means.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1486 | Patriot Employer Tax Credit Act | Identical bill | Jun 2, 2015 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Disability and paralysis
- Employee benefits and pensions
- Employee hiring
- Employment and training programs
- Income tax credits
- Income tax deductions
- Interest, dividends, interest rates
- Labor standards
- Taxation
- Taxation of foreign income
- Veterans' education, employment, rehabilitation
- Wages and earnings
Text 1
Each version as it was printed, newest first.
- Jun 2, 2015Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.