Summary: H.R.1938 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.1938. Bill summaries are authored by CRS.

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Introduced in House (03/27/2019)

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.