3.0.0 3544 2023-01-11T13:41:10Z 2023-01-11T13:41:10Z Senate S 2018-10-03 115 ssfi00 Finance Committee Senate Standing Referred to 2018-10-03T21:15:07Z 2018-10-03 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2018-10-03 Introduced in Senate IntroReferral 10000 9 Library of Congress T000464 Sen. Tester, Jon [D-MT] Jon Tester D MT N Taxation Corporate finance and management Income tax credits Income tax deductions Income tax rates Labor-management relations Research and development Temporary and part-time employment Wages and earnings Taxation 00 2018-10-03 Introduced in Senate 2018-12-17T18:28:20Z Prohibiting Incentives for Corporations that Kickout Employees Tax (PICKET) Act

This bill amends the Internal Revenue Code to increase the corporate tax rate from 21% to 35% for corporations participating in a labor lockout during the taxable year. A "labor lockout" is a dispute involving a work stoppage, wherein an employer withholds work from its employees in order to gain a concession from them.

The bill also denies certain tax deductions and credits for remuneration (including wages or other benefits) paid by the taxpayer to a temporary replacement worker during a labor lockout.

]]> Prohibiting Incentives for Corporations that Kickout Employees Tax (PICKET) Act Display Title Prohibiting Incentives for Corporations that Kickout Employees Tax (PICKET) Act Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to modify the rate of tax on corporations participating in labor lockouts and to prohibit deductions and credits for wages and benefits paid to temporary workers during labor lockouts. Introduced in Senate IS Short Titles as Introduced Prohibiting Incentives for Corporations that Kickout Employees Tax (PICKET) Act Introduced in Senate 2018-10-03T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s3544is/xml/BILLS-115s3544is.xml 2018-10-03 Read twice and referred to the Committee on Finance. 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.