119-hr1959

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1959 Introduced in House

    (IH) ]

<DOC>

119th CONGRESS
 1st Session
 H. R. 1959

To amend the Internal Revenue Code of 1986 to protect small businesses 
 from unemployment insurance premium increases by reason of unrepaid 
 State advances.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 March 6, 2025

Ms. Tenney (for herself and Mr. Smucker) introduced the following bill; 
 which was referred to the Committee on Ways and Means

_______________________________________________________________________

 A BILL

To amend the Internal Revenue Code of 1986 to protect small businesses 
 from unemployment insurance premium increases by reason of unrepaid 
 State advances.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. PROTECTION OF SMALL BUSINESS FROM UNEMPLOYMENT INSURANCE 
 PREMIUM INCREASES BY REASON OF UNREPAID STATE ADVANCES.

    (a) In General.--

Section 3302
            (c) of the Internal Revenue Code of 
1986 is amended by adding at the end the following new paragraph:
 ``

    (4) Credits of Small Businesses Not Reduced by Reason of Unrepaid 
Advances.--
 ``
        (A) In general.--Paragraph

    (2) shall not apply with 
 respect to any specified small business.
 ``
        (B) Specified small business.--For purposes of this 
 paragraph, the term `specified small business' means any 
 taxpayer if such taxpayer employs fewer than 500 employees as 
 of the close of the third quarter of the calendar year 
 immediately preceding the second consecutive January 1 referred 
 to in paragraph

    (2)
        (A)
            (i) .''.

    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after the date of the enactment of this Act.
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