To allow a credit against income tax for employers who pay their Federal contractor employees compensation lost by reason of the Federal Government shutdown.

Bill: 113-hr-3553
Sponsor: full_name: Rep. Brady, Robert A. [D-PA-1]
Introduced: 2013-11-20
Policy area: Taxation
Subjects: Appropriations

Budget process

Executive agency funding and structure

Government buildings, facilities, and property

Income tax credits

Public contracts and procurement

Wages and earnings
Latest action: action_date: 2013-11-20
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2013-11-20
action_desc: Introduced in House
text: <p>Allows an income tax credit to employers for shutdown payments to employees who provide services under a federal contract in a federal building used for official purposes by any office or entity over which the House Committee on Administration had jurisdiction during the 113th Congress. </p> <p>Defines &quot;shutdown payments&quot; as any payment made to an individual for wages the individual would have received if the individual were performing services for the employer under such contract during the period of October 1, 2013, through October 16, 2013, when the federal government was closed due to a lapse in appropriations.</p>

tv_txt: I 113th CONGRESS 1st Session H. R. 3553 IN THE HOUSE OF REPRESENTATIVES November 20, 2013 Mr. Brady of Pennsylvania introduced the following bill; which was referred to the Committee on Ways and Means A BILL To allow a credit against income tax for employers who pay their Federal contractor employees compensation lost by reason of the Federal Government shutdown.

1. Credit for employers who pay Federal contractor employees compensation lost by reason of shutdown (a) In general In the case of an employer whose employees provide services to the Federal Government in an applicable Federal building under a Federal contract, there shall be allowed as a credit against the tax imposed by chapter 1 of the Internal Revenue Code of 1986 for the taxable year an amount equal to the sum of the shutdown payments with respect to employees of the taxpayer during the taxable year. (b) Definitions For purposes of this section— (1) Applicable Federal building The term applicable Federal building means any building used for official purposes by any office or entity over which the Committee on House Administration of the House of Representatives has jurisdiction under the Rules of the House of Representatives during the One Hundred Thirteenth Congress. (2) Shutdown payments (A) In general The term shutdown payments means any payment which is made by the employer to an individual with respect to the shutdown period that represents all or a portion of the wages the individual would have received from the employer if the individual were performing services for the employer under such Federal contract during the shutdown period. (B) Shutdown period The term shutdown period means the period of partial Federal Government shutdown resulting from the lapse in Federal appropriations beginning on October 1, 2013, and ending on October 16, 2013. (c) Special rules For purposes of this section— (1) Treated as part of business credit The credit determined under subsection (a) shall be treated as a credit listed in section 38(b) for the taxable year (and not allowed separately under subsection (a)). (d) Termination This section shall not apply to any payments made in any taxable year beginning after December 31, 2014.