US Congress House Bill 5372 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 6-0)
Status: Introduced on July 31 2014 - 25% progression, died in committee
Action: 2014-07-31 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

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 150% 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.

Patriot Employer Tax Credit Act

Rep. Janice Schakowsky [D-IL]	Rep. Keith Ellison [D-MN]	Rep. Raul Grijalva [D-AZ]	Rep. Robin Kelly [D-IL]
Rep. Barbara Lee [D-CA]	Rep. Bobby Rush [D-IL]

Date	Chamber	Action
2014-07-31	House	Referred to the House Committee on Ways and Means.

SB2540 (Same As) 2014-06-26 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4156-4158)

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/5372/all-info
Text	https://www.congress.gov/113/bills/hr5372/BILLS-113hr5372ih.pdf