Patriot Employer Tax Credit Act

Patriot Employer Tax Credit Act

This bill 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.