II 

113TH CONGRESS 

2D SESSION S. 2717 

To amend the Internal Revenue Code to provide a refundable credit for 

costs associated with Information Sharing and Analysis Organizations. 

IN THE SENATE OF THE UNITED STATES 

JULY 31, 2014 

Mrs. GILLIBRAND introduced the following bill; which was read twice and 

referred to the Committee on Finance 

A BILL 

To amend the Internal Revenue Code to provide a refundable 

credit for costs associated with Information Sharing and 

Analysis Organizations. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Cyber Information 

5 Sharing Tax Credit Act’’. 

6 SEC. 2. INFORMATION SHARING AND ANALYSIS ORGANIZA7 TION CREDIT. 

8 (a) IN GENERAL.—Subpart C of part IV of sub9 chapter A of chapter 1 of the Internal Revenue Code of 


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1 1986 is amended by inserting after section 36B the fol2 lowing new section: 

3 ‘‘SEC. 36C. INFORMATION SHARING AND ANALYSIS ORGANI4 ZATION CREDIT. 

5 ‘‘(a) IN GENERAL.—There shall be allowed as a cred6 it against the tax imposed by this subtitle for any taxable 

7 year an amount equal to the qualified Information Sharing 

8 and Analysis Organization costs paid or incurred by the 

9 taxpayer during such taxable year. 

10 ‘‘(b) QUALIFIED INFORMATION SHARING AND ANAL11 YSIS ORGANIZATION COSTS.—For purposes of this sec12 tion— 

13 ‘‘(1) IN GENERAL.—The term ‘qualified Infor14 mation Sharing and Analysis Organization costs’ 

15 means the sum of— 

16 ‘‘(A) dues for membership in an Informa17 tion Sharing and Analysis Organization, 

18 ‘‘(B) personnel participation costs, 

19 ‘‘(C) product and service costs directly re20 lated to the sharing of information with the In21 formation Sharing and Analysis Organization, 

22 and 

23 ‘‘(D) other amounts (not including 

24 amounts for travel) relating to participation in 


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1 activities of the Information Sharing and Anal2 ysis Organization. 

3 ‘‘(2) PERSONNEL PARTICIPATION COSTS.—The 

4 term ‘personnel participation costs’ means the cost 

5 associated with the time that employees of the tax6 payer spend participating in activities of an Infor7 mation Sharing and Analysis Organization on behalf 

8 of the taxpayer, determined on the basis of the reg9 ular hourly compensation paid to each such em10 ployee. 

11 ‘‘(3) INFORMATION SHARING AND ANALYSIS OR12 GANIZATION.—The term ‘Information Sharing and 

13 Analysis Organization’ has the meaning given such 

14 term by section 212(5) of the Homeland Security 

15 Act of 2002 (6 U.S.C. 131(5)), or such other mean16 ing as identified by the Secretary in consultation 

17 with the Secretary of Homeland Security.’’. 

18 (b) CONFORMING AMENDMENT.—Paragraph (2) of 

19 section 1324(b) of title 31, United States Code, is amend20 ed by inserting ‘‘, 36C’’ after ‘‘36B’’. 

21 (c) CLERICAL AMENDMENT.—The table of sections 

22 for subpart C of part IV of subchapter A of chapter 1 

23 of the Internal Revenue Code of 1986 is amended by in24 serting after the item relating to section 36B the following 

25 new item: 

‘‘Sec. 36C. Information sharing and analysis organization credit.’’. 


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1 (d) EFFECTIVE DATE.—The amendments made by 

2 this section shall apply to amounts paid or incurred after 

3 December 31, 2014. 

Æ 


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