Corporate Responsibility and Taxpayer Protection Act of 2017

Summary: Corporate Responsibility and Taxpayer Protection Act of 2017  This bill amends the Internal Revenue Code to impose a tax on large employers whose employees receive certain federal benefits during the year. A &quot;large employer&quot; is an employer who employed an average of at least 500 full-time employees on business days during the preceding year. The tax is equal to the benefits that the employees receive under: (1) the Supplemental Nutrition Assistance Program (SNAP, formerly known as the food stamp program), (2) the school lunch and school breakfast programs administered under the Richard B. Russell National School Lunch Act and the Child Nutrition Act of 1966, (3) section 8 of the United States Housing Act of 1937, and (4) Medicaid. 

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Corporate Responsibility and 
Taxpayer Protection Act of 2017''.

SEC. 2. TAX ON EMPLOYERS WITH EMPLOYEES RECEIVING CERTAIN FEDERAL 
              BENEFITS.

    (a) In General.--The Internal Revenue Code of 1986 is amended by 
inserting after chapter 36 the following new chapter:

   ``CHAPTER 37--EMPLOYERS WITH EMPLOYEES RECEIVING CERTAIN FEDERAL 
                                BENEFITS

``SEC. 4501. EMPLOYERS WITH EMPLOYEES RECEIVING CERTAIN FEDERAL 
              BENEFITS.

    ``(a) Imposition of Tax.--There is hereby imposed on each large 
employer a tax equal to 100 percent of the qualified employee benefits 
with respect to such employer for the taxable year.
    ``(b) Large Employer.--
            ``(1) In general.--For purposes of this section, the term 
        `large employer' means, with respect to a calendar year, an 
        employer who employed an average of at least 500 full-time 
        employees on business days during the preceding calendar year.
            ``(2) Rules for determining employer size.--For purposes of 
        this subsection--
                    ``(A) Application of aggregation rule for 
                employers.--All persons treated as a single employer 
                under subsection (b), (c), (m), or (o) of section 414 
                of the Internal Revenue Code of 1986 shall be treated 
                as 1 employer.
                    ``(B) Full-time equivalents treated as full-time 
                employees.--Solely for purposes of determining whether 
                an employer is an applicable large employer under this 
                paragraph, an employer shall, in addition to the number 
                of full-time employees for any month otherwise 
                determined, include for such month a number of full-
                time employees determined by dividing the aggregate 
                number of hours of service of employees who are not 
                full-time employees for the month by 120.
                    ``(C) Employers not in existence in preceding 
                year.--In the case of an employer which was not in 
                existence throughout the preceding calendar year, the 
                determination of whether such employer is a large 
                employer shall be based on the average number of 
                employees that it is reasonably expected such employer 
                will employ on business days in the current calendar 
                year.
                    ``(D) Predecessors.--Any reference in this 
                subsection to an employer shall include a reference to 
                any predecessor of such employer.
    ``(c) Qualified Employee Benefits.--For purposes of this section:
            ``(1) In general.--The term `qualified employee benefits' 
        means, with respect to a person for a taxable year, the sum the 
        qualified Federal benefits for which individuals who are 
        employees of such person for such taxable year.
            ``(2) Qualified federal benefits.--The term `qualified 
        Federal benefits' means, with respect to an individual, the 
        following:
                    ``(A) The dollar value of supplemental nutrition 
                assistance for which the household (as defined in 
                section 3(m) of the Food and Nutrition Act of 2008) 
                that includes such individual is eligible.
                    ``(B) The dollar value of meals that such 
                individual or dependents of such individual are 
                eligible for under the school lunch program under the 
                Richard B. Russell National School Lunch Act and the 
                school breakfast program under section 4 of the Child 
                Nutrition Act of 1966.
                    ``(C) The aggregate amount of the monthly 
                assistance payments for rental of a dwelling unit that 
                the household of such individual was a member of is 
                eligible to have made of its behalf pursuant to section 
                8 of the United States Housing Act of 1937.
                    ``(D) The amount of payments made under section 
                1903 of the Social Security Act with respect to 
                expenditures made by a State under a State Medicaid 
                plan under title XIX of such Act (or a waiver of such 
                plan) for medical assistance for such individual or for 
                dependents of such individual.''.
    (b) Clerical Amendments.--The table of chapters for subtitle D of 
such Code is amended by inserting after the item relating to chapter 36 
the following new item:

   ``Chapter 37--Employers With Employees Receiving Certain Federal 
                              Benefits''.

    (c) Effective Date.--The amendments made by this Act apply with 
respect to taxable years beginning after December 31, 2017.