Incentivizing Small Business Retirement Savings Act

United States117th CongressS-4153Senate
Updated: May 5, 2022

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.

Bill texts

Available versions
Introduced (Senate)View official text

1 version available

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Timeline

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Finance.

    Senate

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