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- S.4153
S.4153: Incentivizing Small Business Retirement Savings Act
About This Bill
- Introduced May 5, 2022
- Latest Major Action May 5, 2022
Bill Sponsor
Bill Version
- Introduced in Senate - May 5, 2022
Bill 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.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| May 5, 2022 |
Read twice and referred to the Committee on Finance.
|
| May 5, 2022 |
Introduced in the Senate by John Hickenlooper (D-Colo.) |