H.R.1938 - Small Employer Retirement Savings Auto-Enrollment Credit Act116th Congress (2019-2020) |
|Sponsor:||Rep. Trahan, Lori [D-MA-3] (Introduced 03/27/2019)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 03/27/2019 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.1938 — 116th Congress (2019-2020)All Information (Except Text)
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.