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- S.2540
S.2540: Patriot Employer Tax Credit Act
About This Bill
- Introduced June 26, 2014
- Latest Major Action June 26, 2014
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
5 (4 Democrats, 1 Independent Democrat)
Bill Summary
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...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
June 26, 2014 |
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S4156-4158)
|
June 26, 2014 |
Introduced in the Senate by Richard J. Durbin (D-Ill.) |