Definition: In this task, you are given text for US Congressional and California state bills, your task is to generate a summary for this bill.
Input: 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.
Output:
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 "large employer" 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.