S 825
106th Congress
Senate
Taxation
Business income tax
Commerce
Cost of living adjustments
Economics and Public Finance
Employee health benefits
Employment tax credits
Finance and Financial Sector
Health
Health insurance
Income tax
Indexing (Economic policy)
Insurance premiums
Labor and Employment
Medical economics
Small business
A bill to amend the Internal Revenue Code of 1986 to allow small business employers a credit against income tax for employee health insurance expenses paid or incurred by the employer.
Introduced: April 15, 1999
Introduced by:
Durbin, Richard J.
Democratic
· Illinois
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 15, 1999
Read twice and referred to the Committee on Finance.
Apr 15, 1999
Sponsor introductory remarks on measure. (CR S3808)
Apr 15, 1999
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to allow small business employers a credit against income tax for employee health insurance expenses the employer pays or incurs. Allows a credit equal to 60 percent of expenses (up to $600 per employee) for self-only coverage and 70 percent of expenses (up to $1,200 per employee) for family coverage. Limits such credit to expenses paid for an employee whose total annual wages range between $5,000 and $16,000, indexed for inflation.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1