US HB762 | 2015-2016 | 114th Congress

Status

Spectrum: Partisan Bill (Democrat 16-0)
Status: Introduced on February 5 2015 - 25% progression, died in committee
Action: 2015-02-05 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Small Business Tax Credit Accessibility Act Amends the Internal Revenue Code, with respect to the small employer health care insurance tax credit, to: (1) revise the definition of "eligible small employer" to mean an employer with not more than 50 (currently, 25) full-time employees; (2) modify the phaseout formula for such credit to base such phaseout on number of employees and average annual wages; (3) extend from two to three consecutive taxable years the period during which an employer may claim such credit; and (4) eliminate the requirement that employers contribute the same percentage of cost of each employee's health insurance and the cap limiting eligible employer contributions to average premiums paid to a state health insurance exchange.

Tracking Information

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Title

Small Business Tax Credit Accessibility Act

Sponsors


History

DateChamberAction
2015-02-05HouseReferred to the House Committee on Ways and Means.
2015-02-05HouseIntroduced in House

Same As/Similar To

SB379 (Same As) 2016-05-18 - Committee on Small Business and Entrepreneurship. Hearings held.

Subjects


US Congress State Sources


Bill Comments

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