H.R.5907 - Eagle Employers Act

To provide a Federal income tax credit for Eagle employers, and for other purposes. view all titles (2)

All Bill Titles

  • Short: Eagle Employers Act as introduced.
  • Official: To provide a Federal income tax credit for Eagle employers, and for other purposes. as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
04/24/08
 
 
 
 
 
 
 

Official 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

Official 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.

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