3.0.0 841 2023-03-08T20:26:17Z 2023-03-08T20:26:17Z Senate S 2021-03-18 117 ssfi00 Finance Committee Senate Standing Referred to 2021-03-18T17:29:43Z 2021-03-18 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2021-03-18 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 2021-03-18 Introduced in Senate 2021-08-16T12:12:05Z Economic Mobility for Productive Livelihoods and Expanding Opportunity Act of 2021 or the EMPLEO Act

This bill permits employers to participate in a wage subsidy program for eligible Puerto Rican employees. Eligible employees must be (1) U.S. citizens, (2) have Social Security numbers, and (3) certify their residency in Puerto Rico and intent to remain residents for at least the next six months.

Employers who opt in must pay their eligible employees a minimum wage of $5. The Department of the Treasury then subsidizes those wages in an amount equal to 50% of the difference between $10 and the hourly wages the employees receive from their employers. For example, if a participating employer pays their eligible employees $5 hourly, the subsidy would equal $2.50 for an effective hourly wage of $7.50. Participating employers may elect advance payment of the aggregate subsidy amounts that exceed the employer's aggregate payroll taxes for the applicable period based on estimates the employer provides to Treasury.

The bill treats employers who make such wage subsidy payments to eligible Puerto Rico employees as having paid payroll taxes in an amount equal to such payments.

]]> 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 Title(s) as Introduced EMPLEO Act Introduced in Senate IS Short Title(s) as Introduced Economic Mobility for Productive Livelihoods and Expanding Opportunity Act of 2021 Introduced in Senate IS Introduced in Senate 2021-03-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s841is/xml/BILLS-117s841is.xml 2021-03-18 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.