,,ii #aaf? ,,congress #a/ ,session ,s4 #f ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,janu>y #c1 #bjai,mr4 ,rubio introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to decrease ! co/ ( hir+1 & increase ! take-home pay (1 ,pu]to ,rican work]s4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,economic ,mobility = ,productive ,livelihoods & ,exp&+ ,opportunity ,act ( #bjai or ! ,,empleo ,act4 #b4 ,f$]al m9imum wage requirem5t = eligible ,pu]to ,rico employees ,section #f7;a7 ( ! ,fair ,labor ,/&>ds ,act ( #aich 7#bi ,u4,s4,c4 #bjf7;a77 is am5d$-- 7#a7 by r$esignat+ p>agraphs 7#b7 ?r\gh 7#d7 z p>agraphs 7#c7 ?r\gh 7#e71 respectively2 & 7#b7 by ins]t+ aft] p>agraph 7#a7 ! foll[+3 7#b7 if su* employee is an eligible ,pu]to ,rico employee1 z def9$ 9 section #fdca7;c7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 :o receives a qualifi$ wage subsidy paym5t "u section #fdca ( su* ,code f a p>ticipat+ employ]1 #e4jj an h\r 7z det]m9$ )\t reg>d to ! qualifi$ wage subsidy paym5t72 4 #c4 ,wage subsidy = ,pu]to ,rico work]s 7a7 ,9 g5]al ,sub*apt] ,b ( *apt] #fe ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new section3 #fdca4 ,wage subsidy = ,pu]to ,rico work]s 7a7 ,9 g5]al ,9 ! case ( a p>ticipat+ employ] :i* makes qualifi$ wage subsidy paym5ts to eligible ,pu]to ,rico employees1 su* p>ticipat+ employ] %all be treat$ = purposes ( ?is title z hav+ paid to ! ,secret>y1 on ! date any su* qualifi$ wage subsidy paym5t is paid1 payroll taxes 9 an am\nt equal to su* wage subsidy paym5t4 7b7 ,p>ticipat+ employ] 7#a7 ,9 g5]al ,= purposes ( ?is section1 ! t]m p>ticipat+ employ] means an employ] :i*-- 7,a7 elects ! application ( ?is section1 7,b7 makes qualifi$ wage subsidy paym5ts to all eligible ,pu]to ,rico employees ( su* employ]1 7,c7 provides to ea* eligible ,pu]to ,rico employee 79 su* =m & mann] z ! ,secret>y %all by regulations prescribe7 in=mation ab\t ! am\nt ( qualifi$ wage subsidy paym5ts paid to su* employee at ! "t su* paym5ts are made1 & 7,d7 9 ! case ( an employ] :i* elects to receive an advance paym5t "u subsection 7g71 provides to ! ,secret>y ! in=mation describ$ 9 p>agraph 7#b7 n lat] ?an #cj days be=e ! beg9n+ ( ! applicable p]iod4 7#b7 ,in=mation requir$ ,! in=mation requir$ "u ?is p>agraph is ! foll[+3 7,a7 ,an e/imate ( ! numb] ( work]s :o w be employ$ by ! p>ticipat+ employ] = ! applicable p]iod4 7,b7 ,an e/imate ( ! payroll taxes 7det]m9$ )\t reg>d to any increase 9 tax "u section #caaa by reason ( subsection 7g77#b77 t w be paid by ! p>ticipat+ employ] ) respect to all employees = su* applicable p]iod4 7,c7 ,an e/imate ( ! numb] ( eligible ,pu]to ,rico employees :o w be employ$ by ! p>ticipat+ employ] = su* applicable p]iod & ! h\rly rate ( pay = ea* su* employee 7det]m9$ )\t reg>d to any qualifi$ wage subsidy paym5t74 7,d7 ,an e/imate ( ! aggregate am\nt ( qualifi$ wage subsidy paym5ts t w be paid by su* employ] to eligible ,pu]to ,rico employees = su* applicable p]iod4 7#c7 ,failure to make subsidy paym5ts ,= purposes ( ?is title 7includ+ p5alties71 ! failure by any employ] :i* makes an election "u p>agraph 7#a77;,a7 to make any qualifi$ wage subsidy paym5t at ! "t provid$ !re= %all be treat$ z ! failure at su* "t to d$uct & )hold "u section #cajb an am\nt equal to ! am\nt ( su* qualifi$ wage subsidy paym5t4 7c7 ,eligible ,pu]to ,rico employee ,= purposes ( ?is section1 ! t]m eligible ,pu]to ,rico employee means1 ) respect to any cal5d> ye>1 any individual :o-- 7#a7 is a citiz5 ( ! ,unit$ ,/ates1 7#b7 has a social security numb] issu$ to ! individual by ! ,social ,security ,adm9i/ration1 & 7#c7 c]tifies1 9 su* =m & mann] z provid$ by ! ,secret>y1 to ! employ] t su* individual is a resid5t ( ,pu]to ,rico & int5ds to rema9 a resid5t ( ,pu]to ,rico = n less ?an ! next #f mon?s4 7d7 ,qualifi$ wage subsidy paym5t ,= purposes ( ?is section-- 7#a7 ,9 g5]al ,! t]m qualifi$ wage subsidy paym5t means1 ) respect to any eligible ,pu]to ,rico employee = any p]iod1 a paym5t equal to #ej p]c5t ( ! excess 7if any7 (-- 7,a7 ! m$ian h\rly wage = ,pu]to ,rico1 ov] 7,b7 ! h\rly wage paid to ! eligible ,pu]to ,rico employee4 7#b7 ,m$ian h\rly wage = ,pu]to ,rico ,= purposes ( p>agraph 7#a77;,a71 ! m$ian h\rly wage = ,pu]to ,rico is-- 7,a7 #aj = cal5d> ye>s #bjbj & #bjba1 & 7,b7 = any cal5d> ye> beg9n+ aft] #bjba1 ! am\nt det]m9$ by ! ,bureau ( ,labor ,/ati/ics bas$ on ! mo/ rec5t data available z ( #cj days be=e ! />t ( su* cal5d> ye>4 7#c7 ,det]m9ation ( h\rly wage ,= purposes ( p>agraph 7#a77;,b7-- 7,a7 ,9 g5]al ,! h\rly wage ( any employee %all be det]m9$ )\t reg>d to any qualifi$ wage subsidy paym5t "u ?is section4 7,b7 ,p]iod ,ea* h\r at :i* an eligible ,pu]to ,rico employee p]=ms s]vices = a diff]5t rate ( pay %all be treat$ z a sep>ate p]iod4 7,c7 ,sal>i$ employees ,9 ! case ( a sal>i$ employee1 ! h\rly wage = su* employee = any p]iod %all be det]m9$ by divid+ ! annual rate ( pay = su* p]iod by #b1jhj4 7e7 ,payroll taxes ,= purposes ( ?is section1 ! t]m payroll taxes means-- 7#a7 am\nts requir$ to be d$uct$ = ! payroll p]iod "u section #cajb 7relat+ to ,,fica employee taxes71 & 7#b7 am\nts ( ! taxes impos$ = ! payroll p]iod "u section #caaa 7relat+ to ,,fica employ] taxes74 7f7 ,o!r def9itions & special rules ,= purposes ( ?is section-- 7#a7 ,applicable p]iod ,= purposes ( ?is section1 ! t]m applicable p]iod means-- 7,a7 except z provid$ 9 subp>agraph 7,b71 a cal5d> qu>t]1 & 7,b7 9 ! case ( any employ] :i* files returns = payroll taxes less frequ5tly ?an qu>t]ly1 su* p]iod z det]m9$ by ! ,secret>y "u regulations4 7#b7 ,wage subsidy paym5ts 9 excess ( payroll tax liability ,to ! ext5t t ! am\nt treat$ z paid "u subsection 7a7 exce$s ! am\nt ( su* p]son's liability = payroll taxes1 ! ,secret>y %all cr$it & refund su* excess 9 ! same mann] z if x 7 an ov]paym5t ( su* taxes4 7g7 ,advanc$ paym5ts = c]ta9 p>ticipat+ employ]s 7#a7 ,9 g5]al ,9 ! case ( a p>ticipat+ employ] :i* elects ! application ( ?is subsection1 ! ,secret>y %all pay to su* p>ticipat+ employ]1 n lat] ?an ! fir/ day ( ! applicable p]iod1 an am\nt equal to ! excess (-- 7,a7 ! aggregate am\nt ( qualifi$ wage subsidy paym5ts = su* applicable p]iod 7z det]m9$ bas$ on e/imates submitt$ "u subsection 7b77#b771 exce$s 7,b7 ! aggregate am\nt ( payroll taxes 7det]m9$ )\t reg>d to any increase 9 tax "u section #caaa by reason ( p>agraph 7#b7 & bas$ on e/imates submitt$ "u subsection 7b77#b77 = su* applicable p]iod4 7#b7 ,treatm5t ( paym5ts ,= purposes ( ?is title1 ! am\nt ( taxes impos$ "u section #caaa on any p>ticipat+ employ] = any cal5d> qu>t] %all be increas$ by an am\nt equal to any paym5t made "u p>agraph 7#a7 ) respect to su* cal5d> qu>t]4 4 7b7 ,social security tru/ funds held h>mless ,9 det]m9+ ! am\nt ( any am\nt transf]r$ or appropriat$ to any fund "u ! ,social ,security ,act1 section #fdca ( ! ,int]nal ,rev5ue ,code ( #aihf %all n be tak5 into acc\nt4 7c7 ,con=m+ am5dm5t ,! table ( sections = sub*apt] ,b ( *apt] #fe ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new item3 ,sec4 #fdca4 ,wage subsidy = ,pu]to ,rico work]s4 4 7d7 ,o!r provisions 7#a7 ,report+ ( wage subsidy in=mation ,section #fjea7;a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ & at ! end ( p>agraph 7#af71 by /rik+ ! p]iod at ! end ( p>agraph 7#ag7 & ins]t+ 1 &1 & by ins]t+ aft] p>agraph 7#ag7 ! foll[+ new p>agraph3 7#ah7 9 ! case ( an eligible ,pu]to ,rico employee 7z def9$ 9 section #fdca71 ! am\nt ( any qualifi$ wage subsidy paym5t paid to su* employee4 4 7#b7 ,p5alty = failure to provide in=mation to employees ,section #ffeb ( su* ,code is am5d$ by add+ at ! end ! foll[+ new subsection3 7q7 ,failure ,to report wage subsidy in=mation to employees ,9 ! case ( a failure to provide ! in=mation requir$ "u section #fdca7;b77#a77;,c7 at ! "t requir$ = provid+ su* in=mation1 !re %all be paid 7^u notice & dem& by ! ,secret>y & 9 ! same mann] z tax7 by ! p]son fail+ to provide su* in=mation1 an am\nt equal to #ej = ea* su* failure4 ,9 ! case ( any failure due to neglig5ce or int5tional disreg>d1 ! prec$+ s5t5ce %all be appli$ by sub/itut+ #ajj = #ej4 4 7e7 ,effective date ,! am5dm5ts made by ?is section %all apply to wages paid aft] ,decemb] #ca1 #bjai4