US HB432 | 2017-2018 | 115th Congress
Status
Spectrum: Partisan Bill (Democrat 15-0)
Status: Introduced on January 11 2017 - 25% progression, died in committee
Action: 2017-01-11 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 11 2017 - 25% progression, died in committee
Action: 2017-01-11 - 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 This bill 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
Rep. Suzan DelBene [D-WA] | Rep. Ron Kind [D-WI] | Rep. C.A. Ruppersberger [D-MD] | Rep. Ann Kuster [D-NH] |
Rep. Peter DeFazio [D-OR] | Rep. Raul Grijalva [D-AZ] | Rep. Derek Kilmer [D-WA] | Rep. Ed Perlmutter [D-CO] |
Rep. Adriano Espaillat [D-NY] | Rep. Joe Courtney [D-CT] | Rep. Brian Higgins [D-NY] | Rep. Mike Thompson [D-CA] |
Rep. Judy Chu [D-CA] | Rep. John Larson [D-CT] | Rep. Jimmy Panetta [D-CA] |
History
Date | Chamber | Action |
---|---|---|
2017-01-11 | House | Referred to the House Committee on Ways and Means. |
2017-01-11 | House | Introduced in House |
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/115th-congress/house-bill/432/all-info |
Text | https://www.congress.gov/115/bills/hr432/BILLS-115hr432ih.pdf |