Prohibiting Incentives for Corporations that Kickout Employees Tax (PICKET) Act

Summary

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.

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3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 3 October 2018

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 3 October 2018

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• Introduced in Senate

  summary · EN · 3 October 2018

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