H.R.3902 - Small Employer Retirement Savings Auto-Enrollment Credit Act115th Congress (2017-2018) |
|Sponsor:||Rep. Bishop, Mike [R-MI-8] (Introduced 10/02/2017)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 10/02/2017 Referred to the House Committee on Ways and Means. (All Actions)|
This bill has the status Introduced
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Summary: H.R.3902 — 115th Congress (2017-2018)All Information (Except Text)
Introduced in House (10/02/2017)
Small Employer Retirement Savings Auto-Enrollment Credit Act
This bill amends the Internal Revenue Code to allow 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.