S 4153
117th Congress
Senate
Taxation
Incentivizing Small Business Retirement Savings Act
Introduced: May 5, 2022
Introduced by:
Hickenlooper, John W.
Democratic
· Colorado
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 5, 2022
Read twice and referred to the Committee on Finance.
May 5, 2022
Introduced in Senate
Plain-English summary
Incentivizing Small Business Retirement Savings Act
This bill allows eligible small employers an additional pension plan startup cost tax credit for a specified percentage of their contributions to an pension plan established for the benefit of their non-highly compensated employees. The amount of such credit may not exceed $1,000 per employee and is subject to a phaseout if the employer has more than 50 employees.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1