S. 3544 · 115th Congress
Prohibiting Incentives for Corporations that Kickout Employees Tax (PICKET) Act
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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Prohibiting Incentives for Corporations that Kickout Employees Tax (PICKET) Act
What it does: CRS summary · Introduced in Senate · Oct 3, 2018
Prohibiting Incentives for Corporations that Kickout Employees Tax (PICKET) Act
This bill amends the Internal Revenue Code to increase the corporate 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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Prohibiting Incentives for Corporations that Kickout Employees Tax (PICKET) Act
Latest action (Oct 3, 2018): Read twice and referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: Oct 3, 2018
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.