H.R. 5907 would provide a Federal income tax credit for Eagle employers.
Detailed Summary
Eagle Employers Act - Amends the Internal Revenue Code to allow a taxpayer certified as an Eagle employer by the Secretary of the Treasury a tax credit for one percent of such employer's taxable income. Defines an " Eagle employer" as any taxpayer who: (1) maintains its headquarters in the United States; (2) pays at least 60% of the health care premiums of its employees; (3) maintains or increases the number of its full-time workers in the United States relative to its full-time workers outside of the United States; (4) provides full differential salary and insurance benefits for all National Guard and Reserve employees called to active duty; and (5) provides its employees with a certain level of compensation and retirement benefits.
Status of the Legislation
Latest Major Action: 4/24/2008: Referred to House committee. Status: Referred to the House Committee on Ways and Means.
Points in Favor
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Points Against
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