A bill to provide a Federal income tax credit for Patriot employers, and for other purposes.

Summary

Amends the Internal Revenue Code to allow a taxpayer certified as a Patriot employer by the Secretary of the Treasury a tax credit for one percent of such employer's taxable income. Defines a "Patriot employer" as any taxpayer who: (1) maintains its headquarters in the United States; (2) pays at least 60% of the health care premiums of its employees; (3) maintains or increases the number of its full-time workers in the United States relative to its full-time workers outside of the United States: (4) provides its employees with a certain level of compensation and retirement benefits; and (5) provides full differential salary and insurance benefits for all National Guard and Reserve employees called to active duty.

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 28 September 2006

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 28 September 2006

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 28 September 2006

  Open at official source

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