Section 1 Credit for employers who pay Federal contractor employees compensation lost by reason of shutdown
In general— In the case of an employer whose employees provide services to the Federal Government in an applicable Federal building under a Federal contract, there shall be allowed as a credit against the tax imposed by chapter 1 of the Internal Revenue Code of 1986 for the taxable year an amount equal to the sum of the shutdown payments with respect to employees of the taxpayer during the taxable year.
Definitions— For purposes of this section—
Applicable Federal building— The term “applicable Federal building” means any building used for official purposes by any office or entity over which the Committee on House Administration of the House of Representatives has jurisdiction under the Rules of the House of Representatives during the One Hundred Thirteenth Congress.
Shutdown payments—
In general— The term “shutdown payments” means any payment which is made by the employer to an individual with respect to the shutdown period that represents all or a portion of the wages the individual would have received from the employer if the individual were performing services for the employer under such Federal contract during the shutdown period.
Shutdown period— The term “shutdown period” means the period of partial Federal Government shutdown resulting from the lapse in Federal appropriations beginning on October 1, 2013, and ending on October 16, 2013.
Special rules— For purposes of this section—
Treated as part of business credit— The credit determined under subsection (a) shall be treated as a credit listed in section 38(b) for the taxable year (and not allowed separately under subsection (a)).
Termination— This section shall not apply to any payments made in any taxable year beginning after December 31, 2014.