summary
Introduced
10/02/2017
10/02/2017
In Committee
10/02/2017
10/02/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
Small Employer Retirement Savings Auto-Enrollment Credit Act This bill amends the Internal Revenue Code to allow a three-year $500 business-related tax credit for eligible small employers who include and maintain an automatic contribution arrangement in an employer-sponsored retirement plan. An "eligible employer" is an employer with no more than 100 employees who received at least $5,000 of compensation from the employer for the preceding year.
AI Summary
This bill amends the Internal Revenue Code to allow a three-year $500 business-related tax credit for eligible small employers who include and maintain an automatic contribution arrangement in an employer-sponsored retirement plan. An "eligible employer" is defined as an employer with no more than 100 employees who received at least $5,000 of compensation from the employer for the preceding year. The credit is part of the general business credit and applies to taxable years beginning after December 31, 2017.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Referred to the House Committee on Ways and Means. (on 10/02/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/house-bill/3902/all-info |
| BillText | https://www.congress.gov/115/bills/hr3902/BILLS-115hr3902ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr3902/BILLS-115hr3902ih.pdf.pdf |
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