,,ii  #aadth ,,congress  #ast ,session  
,s4 #ajbc  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,april #ba1    
#bjae,mr4 ,moran 7for himself and ,mrs4 
,gillibrand7 introduced the following   
bill2 which was read twice and referred 
to the ,committee on ,finance  ,a ,,bill
  ,to amend the ,internal ,revenue ,code
 to provide a refundable credit for     
costs associated with ,information      
,sharing and ,analysis ,organizations4  
#a4 ,cybersecurity information sharing  
credit  7a7 ,in general ,subpart ,c of  
part ,,iv of subchapter ,a of chapter #a
 of the ,internal ,revenue ,code of     
#aihf is amended by inserting after     
section #cf;,b the following new        
section3  #cf;,c4 ,cybersecurity        
information sharing credit  7a7 ,in     
general ,there shall be allowed as a    
credit against the tax imposed by this  
subtitle for any taxable year an amount 
equal to the qualified cybersecurity    
information sharing organization costs  
paid or incurred by the taxpayer during 

such taxable year4  7b7 ,qualified      
cybersecurity information sharing       
organization costs ,for purposes of this
 section-- 7#a7 ,in general ,the term   
qualified cybersecurity information     
sharing organization costs means the sum
 of--  7,a7 dues for membership in a    
designated cybersecurity information    
sharing organization1  7,b7 personnel   
participation costs1  7,c7 product and  
service costs directly related to the   
sharing of information with a designated
 cybersecurity information sharing      
organization1 and  7,d7 other amounts   
7not including amounts for travel7      
relating to participation in activities 
of the designated cybersecurity         
information sharing organization4  7#b7 
,personnel participation costs ,the term
 personnel participation costs means the
 cost associated with the time that     
employees of the taxpayer spend         
participating in activities of a        
designated cybersecurity information    
sharing organization on behalf of the   

taxpayer1 determined on the basis of the
 regular hourly compensation paid to    
each such employee4  7#c7 ,designated   
cybersecurity information sharing       
organization ,the term designated       
cybersecurity information sharing       
organization means-- 7,a7 an            
,information ,sharing and ,analysis     
,organization 7as defined in section    
#bab7e7 of the ,homeland ,security ,act 
of #bjjb 7#f ,u4,s4,c4 #aca7e7771  7,b7 
a local1 regional1 or ,state fusion     
center 7as defined in section           
#baj;,a7j77#a7 of such ,act 7#f         
,u4,s4,c4 #abd;h7j77#a7771 or  7,c7 an  
organization that has been identified by
 the ,secretary as such in consultation 
with the ,secretary of ,homeland        
,security1  that shares cyber-threat    
information in a structured format and  
standardized language designated by the 
,secretary of ,homeland ,security       
through a set of services and message   
exchanges to enable automated and       
near-instantaneous sharing of actionable

 cyber-threat information across        
organizations and systems4  4  7b7      
,conforming amendment ,paragraph 7#b7 of
 section #acbd7;b7 of title #ca1 ,united
 ,states ,code1 is amended by inserting 
1 #cf;,c after #cf;,b4  7c7 ,clerical   
amendment ,the table of sections for    
subpart ,c of part ,,iv of subchapter ,a
 of chapter #a of the ,internal ,revenue
 ,code of #aihf is amended by inserting 
after the item relating to section      
#cf;,b the following new item3  ,sec4   
#cf;,c4 ,information sharing and        
analysis organization credit4  4  7d7   
,effective date ,the amendments made by 
this section shall apply to amounts paid
 or incurred after ,december #ca1 #bjad4