3.0.0 38 2023-01-11T13:35:19Z 2023-01-11T13:35:19Z Senate S 2017-01-05 115 ssfi00 Finance Committee Senate Standing Referred to 2017-01-05T18:00:25Z 2017-01-05 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2017-01-05 Introduced in Senate IntroReferral 10000 9 Library of Congress R000595 Sen. Rubio, Marco [R-FL] Marco Rubio R FL N Labor and Employment Caribbean area Employment taxes Labor standards Puerto Rico Tax administration and collection, taxpayers U.S. territories and protectorates Wages and earnings Labor and Employment 00 2017-01-05 Introduced in Senate 2017-02-23T16:08:50Z Economic Mobility for Productive Livelihoods and Expanding Opportunity Act of 2017 or the EMPLEO Act

This bill amends the Fair Labor Standards Act of 1938 to require every employer to pay to each of his or her eligible Puerto Rican employees who in any workweek are engaged in commerce and who receive qualified wage subsidy payments minimum wages of $5.00 an hour, determined without regard to those wage subsidy payments.

The bill amends the Internal Revenue Code to treat certain employers who make qualified wage subsidy payments to eligible Puerto Rico employees as having paid payroll taxes in an amount equal to the wage subsidy payment.

An “eligible Puerto Rico employee” is any individual who: (1) is a U.S. citizen, (2) has a Social Security number, and (3) certifies to the employer that he or she is a resident of Puerto Rico and intends to remain a resident for at least the next six months.

A “qualified wage subsidy payment” is a payment equal to 50% of the excess (if any) of: (1) the median hourly wage for Puerto Rico ($10 for 2018 and 2019), over (2) the hourly wage paid to the eligible Puerto Rico employee.

The bill sets forth reporting requirements for participating employers and requirements for determining the median hourly wage for Puerto Rico after 2019.

]]> EMPLEO Act Display Title EMPLEO Act Official Title as Introduced A bill to decrease the cost of hiring, and increase the take-home pay of, Puerto Rican workers. Introduced in Senate IS Short Titles as Introduced EMPLEO Act Short Titles as Introduced Economic Mobility for Productive Livelihoods and Expanding Opportunity Act of 2017 Introduced in Senate 2017-01-05T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s38is/xml/BILLS-115s38is.xml 2017-01-05 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.