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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - Senate

Short Titles as Introduced

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

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to amend the Internal Revenue Code of 1986 to modify the rate of tax on corporations participating in labor lockouts and to prohibit deductions and credits for wages and benefits paid to temporary workers during labor knockouts.


Actions Overview (1)

Date
05/20/2019Introduced in Senate

All Actions (1)

Date
05/20/2019Read twice and referred to the Committee on Finance.
Action By: Senate

Cosponsors (0)

No cosponsors.


Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
Senate Finance05/20/2019 Referred to

As of 10/22/2019 no related bill information has been received for S.1548 - Prohibiting Incentives for Corporations that Kickout Employees Tax (PICKET) Act


Subjects (1)


Latest Summary (1)

There is one summary for S.1548. View summaries

Shown Here:
Introduced in Senate (05/20/2019)

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.