Bill > S4173

This bill amends the Internal Revenue Code to provide a tax credit to small employers for including military spouses in their retirement plans. Specifically, the bill allows a credit of $200 for each eligible military spouse employee who is eligible to participate in the employer's retirement plan, as well as a credit for up to $300 in employer contributions made on behalf of each eligible military spouse employee. To be eligible, the employee must have been employed by the small employer for more than 2 months, not be a highly compensated employee, and certify that they are married to an individual who has performed active duty service in the uniformed services for more than 30 days. The credit is available for up to 3 taxable years per eligible military spouse employee.