HR 1938 · 116th Congress · Taxation
Small Employer Retirement Savings Auto-Enrollment Credit Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2019-03-27)
Plain Language Summary
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Small Employer Retirement Savings Auto-Enrollment Credit Act This bill allows a three-year $500 business-related tax credit for eligible small employers who include and maintain an automatic contribution arrangement in an employer-sponsored retirement plan. An "eligible employer" is an employer with no more than 100 employees who received at least $5,000 of compensation from the employer for the preceding year.…
Summarized by Claude AI · Non-partisan · For informational purposes only