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Bill

S 1301

Tribal Labor Sovereignty Act of 2025

119th Congress Introduced by Kevin Cramer and 8 co-sponsors

Bill S 1301 establishes a permanent payroll tax credit to incentivize businesses to hire and retain employees, boosting job growth and economic stability.

Introduced in Senate
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WeVote Research Nonpartisan
Bill Summary · S 1301

Summary of Bill S 1301: Establishing a First Permanent Payroll Employee Tax Credit

Bill Overview

  • Bill Number: S 1301
  • Title: Relates to establishing a first permanent payroll employee tax credit
  • Status: Referred to Budget and Revenue
  • Introduced On: January 09, 2025
  • Classification: Bill

Purpose and Intent

The primary aim of Bill S 1301 is to establish a permanent payroll employee tax credit. This initiative is designed to incentivize businesses to hire and retain employees, thereby promoting job growth and economic stability. By providing financial relief through tax credits, the bill seeks to support employers in managing payroll costs, particularly in the wake of economic challenges.

Key Provisions

  • Establishment of Tax Credit: The bill proposes the creation of a first permanent payroll employee tax credit that businesses can claim for each eligible employee they hire.
  • Eligibility Criteria: While specific eligibility criteria are not detailed in the provided information, such credits typically focus on factors such as employee wages, hours worked, and duration of employment.
  • Implementation Timeline: The bill does not specify an implementation date, but it is expected that the credit would be available for businesses following its passage and enactment.

Affected Parties

  • Businesses: The primary beneficiaries of this tax credit will be employers across various sectors who hire new employees. The credit aims to reduce their overall payroll expenses.
  • Employees: By encouraging businesses to hire more staff, the bill indirectly benefits employees by potentially increasing job opportunities and job security.
  • State Revenue: The introduction of this tax credit may impact state revenue, as it will reduce tax income from businesses that qualify for the credit.

Legislative Process

  • Current Status: As of January 09, 2025, the bill has been referred to the Budget and Revenue committee for further consideration.
  • Related Legislation: This bill is connected to several prior-session bills (S 7043, S 1799, S 432) that may have addressed similar issues. Additionally, there is a companion bill (A 4454) in the Assembly, which may provide further context or support for the proposed tax credit.

Conclusion

Bill S 1301 represents a significant legislative effort to support job creation and economic recovery through a permanent payroll employee tax credit. By incentivizing businesses to hire and retain employees, the bill aims to foster a more robust labor market and stimulate economic growth. The ongoing legislative process will determine the final provisions and implementation of this tax credit.

Compiled from official sources — confirm details with the bill’s official record.

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