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S 3338 114th Congress Senate Taxation

Small Business Employee Retirement Savings Act of 2016

Introduced: September 15, 2016 See on congress.gov
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 15, 2016
Read twice and referred to the Committee on Finance.
Sep 15, 2016
Introduced in Senate
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 Plain-English summary Congressional Research Service

Small Business Employee Retirement Savings Act of 2016

This bill amends the Internal Revenue Code to modify the tax treatment of retirement plans for small employers with no more than 100 employees. The bill: (1) increases from $500 to $5,000 the limit on the amount of the tax credit for small employer pension plan startup costs, and (2) allows a three-year $500 business-related tax credit for small employers that include and maintain an automatic contribution arrangement in an employer-sponsored retirement plan.

The bill also removes the 10% cap on the amount of an employee's wages that an employer may contribute to a retirement plan under an automatic contribution arrangement.

What's happening now September 15, 2016

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • S 3471 Related bill Retirement Enhancement and Savings Act of 2016
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Bennet, Michael F.
Colorado · Sep 15, 2016
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3338: Small Business Employee Retirement Savings Act of 2016. 114th Congress. Open America. https://openamerica.io/bill/114-S-3338/
MLA
"S. 3338: Small Business Employee Retirement Savings Act of 2016." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-3338/.
Bluebook (legal)
S. 3338, 114th Cong. (2026), https://openamerica.io/bill/114-S-3338/.
Markdown link
[S. 3338: Small Business Employee Retirement Savings Act of 2016](https://openamerica.io/bill/114-S-3338/)
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