S. 4153 · 117th Congress
Incentivizing Small Business Retirement Savings Act
- Stage
- In committee
- Sponsor
- John Hickenlooper
- Introduced
- 2022-05-05
- Latest action
- 2022-05-05 · Introduced in Senate
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.