Summary: H.R.3902 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.3902. Bill summaries are authored by CRS.

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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.