Bill > S1273

This bill, the Military Spouses Retirement Security Act, provides a tax credit to small employers (those with 250 or fewer employees) for offering retirement plans to their employees who are military spouses. The credit is $200 per eligible military spouse employee who is eligible to participate in the employer's retirement plan, plus the lesser of the employer's contributions for that employee or $300. To be eligible, the employee must have been employed by the small employer for at least 2 months, not be a highly compensated employee, and certify that they are married to a member of the uniformed services who has served on active duty for more than 30 days. The credit is part of the general business tax credit and applies to taxable years starting after the bill's enactment.

Budget and Finance

https://www.congress.gov/bill/117th-congress/senate-bill/1273/all-info