House Bill 8669
116th Congress(2019-2020)
Corporate Responsibility and Taxpayer Protection Act of 2020
Introduced
Introduced in House on Oct 23, 2020
Origin Chamber
House
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
8669
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.
No House votes have been held for this bill.
Summary
Corporate Responsibility and Taxpayer Protection Act of 2020
This bill imposes an excise tax on large employers (at least 500 full-time employees in the preceding calendar year) for qualified federal benefits received by their employees. The bill defines qualified federal benefits to include food stamps, school lunches, section 8 housing subsidies, and Medicaid benefits.
The bill exempts employers that pay their employees $15 per hour and have less than $100 million in assets.
October 23, 2020
10/23/2020
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
10/23/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:44:29 PM