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S 3977 109th Congress Senate Taxation Armed Forces and National Security Armed forces reserves Commerce Corporate management Defined benefit pension plans Defined contribution plans Employee health benefits Finance and Financial Sector Health Health insurance Income tax Insurance premiums Iraq compilation Job creation Labor and Employment Medical economics National Guard Salaries Tax credits

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

Introduced: September 28, 2006 Introduced by: Durbin, Richard J. Democratic · Illinois See on congress.gov
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 28, 2006
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S10480)
Sep 28, 2006
Sponsor introductory remarks on measure. (CR S10479)
Sep 28, 2006
Introduced in Senate
 Plain-English summary Congressional Research Service

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.

What's happening now September 28, 2006

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S10480)

 Committees of jurisdiction 1