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S 2666 107th Congress Senate Taxation Business income tax Commerce Economics and Public Finance Employee health benefits Finance and Financial Sector Health Health insurance Income tax Indexing (Economic policy) Insurance premiums Labor and Employment Medical economics Small business Tax credits

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: June 21, 2002 Introduced by: Durbin, Richard J. Democratic · Illinois See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 21, 2002
Read twice and referred to the Committee on Finance.
Jun 21, 2002
Introduced in Senate
 Plain-English summary Congressional Research Service
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.

Sets forth formula for deriving amount of credit.

Specifies that no amount paid or incurred for health insurance coverage pursuant to a salary reduction arrangement shall be taken into account for purposes of determining the credit.

Limits such credit to expenses paid for employees whose total annual wages exceed $5,000 but not $25,000, indexed for inflation.

What's happening now June 21, 2002

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1