US SB1325 | 2013-2014 | 113th Congress

Status

Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on July 18 2013 - 25% progression, died in committee
Action: 2013-07-18 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Small Business Tax Credits Improvement Act - Amends the Internal Revenue Code, with respect to the tax credit for the health insurance expenses of small employers, to: (1) expand eligibility for the credit to employers having up to 50 (currently, 25) full-time equivalent employees whose annual wages do not exceed $75,000 (currently, $50,000); (2) raise the employee threshold for triggering the phaseout of such credit from 10 to 20 full-time employees; (3) 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 care exchange; and (4) make such credit available to employee-owners and their dependents.

Tracking Information

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Title

Small Business Tax Credits Improvement Act

Sponsors


History

DateChamberAction
2013-07-18SenateRead twice and referred to the Committee on Finance.

Same As/Similar To

HB4244 (Related) 2014-03-13 - Referred to the House Committee on Ways and Means.
HB4128 (Related) 2014-02-28 - Referred to the House Committee on Ways and Means.
HB4132 (Related) 2014-02-28 - Referred to the House Committee on Ways and Means.
HB4133 (Related) 2014-02-28 - Referred to the House Committee on Ways and Means.
SB2069 (Related) 2014-02-27 - Read twice and referred to the Committee on Finance.

Subjects


US Congress State Sources


Bill Comments

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