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S 2512 United States Senate · 118th Congress

A bill to amend the Internal Revenue Code of 1986 to provide a credit for re-enrollment provisions in retirement plans of small employers.

Summary
This bill allows small employers who have a re-enrollment provision in their retirement plans a tax credit for $500 in any taxable year occurring during a specified three-year credit period.
Issues: ✓ Budget & TaxesSupports Budget & TaxesProvides $500 tax credit to small employers for retirement plan re-enrollment, offering tax relief to small businesses, aligning with support indicators.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentTax credit incentivizes small employers to maintain retirement plan re-enrollment, expanding worker retirement benefits as part of employment standards.65% confidence
Sub-Topics: Tax Credits Retirement Benefits
Bill status in committee 1 of 4 stages cleared
Introduction
Jul 2023
Committee Review
Floor Vote
President
Introduced Jul 26, 2023 Last action Jul 26, 2023
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Jul 26, 2023
Senate · Referred to committee
Read twice and referred to the Committee on Finance.
Jul 26, 2023
Senate · Introduced
Introduced in Senate
1 primary · 1 co-sponsor

Sponsors

Role
Legislator
Party
State
District
P
Photo of Bill Cassidy
Bill Cassidy
RRepublican
LA
n/a
Co
Photo of Tim Kaine
Tim Kaine
DDemocratic
VA
n/a