US HB8083 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on August 21 2020 - 25% progression, died in committee
Action: 2020-08-21 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on August 21 2020 - 25% progression, died in committee
Action: 2020-08-21 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allows an employer that has a temporary substantial business hardship and, if not a tax-exempt or cooperative organization, does not have more that $41.5 million in gross receipts a tax credit for 20% of retirement contributions made to employee retirement accounts. The amount of such credit for any employer may not exceed $100,000 in any taxable year.
Title
Preserving Employee Retirement Savings Act of 2020
Sponsors
| Rep. Bradley Schneider [D-IL] | Rep. Mike Kelly [R-PA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-08-21 | House | Referred to the House Committee on Ways and Means. |
| 2020-08-21 | House | Introduced in House |
Subjects
Economic performance and conditions
Employee benefits and pensions
Income tax credits
Taxation
Unemployment
Employee benefits and pensions
Income tax credits
Taxation
Unemployment
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/8083/all-info |
| Text | https://www.congress.gov/116/bills/hr8083/BILLS-116hr8083ih.pdf |
