Senate Bill 1548
116th Congress(2019-2020)
Prohibiting Incentives for Corporations that Kickout Employees Tax (PICKET) Act
Introduced
Introduced in Senate on May 20, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1548
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
Jon Tester
grade
Montana
No Senate votes have been held for this bill.
Summary
Prohibiting Incentives for Corporations that Kickout Employees Tax (PICKET) Act
This bill increases the corporate income 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.
May 20, 2019
05/20/2019
Read twice and referred to the Committee on Finance.
05/20/2019
Introduced in Senate
Public Record
Record Updated
Nov 1, 2022 5:32:22 AM