US SB379 | 2015-2016 | 114th Congress
Status
Spectrum: Strong Partisan Bill (Democrat 10-1)
Status: Introduced on February 5 2015 - 25% progression, died in chamber
Action: 2016-05-18 - Committee on Small Business and Entrepreneurship. Hearings held.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 5 2015 - 25% progression, died in chamber
Action: 2016-05-18 - Committee on Small Business and Entrepreneurship. Hearings held.
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.
Title
Small Business Tax Credit Accessibility Act
Sponsors
Sen. Christopher Coons [D-DE] | Sen. Jeff Merkley [D-OR] | Sen. Angus King [I-ME] | Sen. Joe Manchin [D-WV] |
Sen. Heidi Heitkamp [D-ND] | Sen. Jeanne Shaheen [D-NH] | Sen. Tim Kaine [D-VA] | Sen. Al Franken [D-MN] |
Sen. Mazie Hirono [D-HI] | Sen. Patty Murray [D-WA] | Sen. Tom Udall [D-NM] |
History
Date | Chamber | Action |
---|---|---|
2016-05-18 | Senate | Committee on Small Business and Entrepreneurship. Hearings held. |
2015-02-05 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB762 (Same As) 2015-02-05 - Referred to the House Committee on Ways and Means.
Subjects
Employee benefits and pensions
Health care costs and insurance
Income tax credits
Small business
Taxation
Wages and earnings
Health care costs and insurance
Income tax credits
Small business
Taxation
Wages and earnings
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/114th-congress/senate-bill/379/all-info |
Text | https://www.congress.gov/114/bills/s379/BILLS-114s379is.pdf |