House Bill 1938
116th Congress(2019-2020)
Small Employer Retirement Savings Auto-Enrollment Credit Act
Introduced
Introduced in House on Mar 27, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1938
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
Small Employer Retirement Savings Auto-Enrollment Credit Act
This bill allows 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.
March 27, 2019
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03/27/2019
Referred to the House Committee on Ways and Means.
03/27/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 6:32:39 PM