3.0.0 5372 2023-01-11T13:25:51Z 2023-01-11T13:25:51Z House H HR 2014-07-31 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. SCHAKOWSKY:H.R. 5372.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8[Page H7188]]]> hswm00 Ways and Means Committee House Standing Referred to 2014-07-31T13:11:15Z Patriot Employer Tax Credit Act 113 2540 S 2014-06-26 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4156-4158) Identical bill CRS 2014-07-31 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2014-07-31 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-07-31 Introduced in House IntroReferral 1000 9 Library of Congress S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 N G000551 Rep. Grijalva, Raúl M. [D-AZ-3] Raúl Grijalva D AZ M. 3 2014-07-31 True K000385 Rep. Kelly, Robin L. [D-IL-2] Robin Kelly D IL L. 2 2014-07-31 True L000551 Rep. Lee, Barbara [D-CA-13] BARBARA LEE D CA 13 2014-07-31 True E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2014-08-01 False R000515 Rep. Rush, Bobby L. [D-IL-1] BOBBY RUSH D IL L. 1 2014-11-20 False 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 of foreign income Veterans' education, employment, rehabilitation Wages and earnings Taxation 00 2014-07-31 Introduced in House 2014-08-22T18:06:10Z 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 Display Title Patriot Employer Tax Credit Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide a tax credit to Patriot employers, and for other purposes. Introduced in House IH Short Titles as Introduced Patriot Employer Tax Credit Act Introduced in House 2014-07-31T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr5372ih/xml/BILLS-113hr5372ih.xml 2014-07-31 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.