1. Short title This Act may be cited as the Patriot Employer Tax Credit Act . 2. Patriot employer tax credit (a) In general Subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: 45S. Patriot employer tax credit (a) Determination of amount (1) In general For purposes of section 38, the Patriot employer credit determined under this section with respect to any taxpayer who is a Patriot employer for any taxable year shall be equal to 10 percent of the qualified wages paid or incurred by the Patriot employer. (2) Limitation The amount of qualified wages which may be taken into account under paragraph (1) with respect to any employee for any taxable year shall not exceed $15,000. (b) Patriot employer (1) In general For purposes of subsection (a), the term Patriot employer means, with respect to any taxable year, any taxpayer— (A) which— (i) maintains its headquarters in the United States if the taxpayer (or any predecessor) has ever been headquartered in the United States, and (ii) is not (and no predecessor of which is) an expatriated entity (as defined in section 7874(a)(2)) for the taxable year or any preceding taxable year ending after March 4, 2003, (B) with respect to which no assessable payment has been imposed under section 4980H with respect to any month occurring during the taxable year, (C) provides employees with— (i) paid sick leave, or (ii) paid family and medical leave, and (D) in the case of— (i) a taxpayer which employs an average of more than 50 employees on business days during the taxable year, which— (I) provides compensation for at least 90 percent of its employees for services provided by such employees during the taxable year at an hourly rate (or equivalent thereof) not less than an amount equal to 218 percent of the Federal poverty level for an individual for the calendar year in which the taxable year begins divided by 1,750, (II) meets the retirement plan requirements of subsection (c) with respect