Retirement Investment in Small Employers Act

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Latest Action

May 21, 2025

Read twice and referred to the Committee on Finance.

Actions (2)

Read twice and referred to the Committee on Finance.

Type: IntroReferral | Source: Senate

May 21, 2025

Introduced in Senate

Type: IntroReferral | Source: Library of Congress | Code: 10000

May 21, 2025

Subjects (1)

Taxation (Policy Area)

Cosponsors (1)

Sen. Budd, Ted [R-NC]

(R-NC)
May 21, 2025

Text Versions (1)

Introduced in Senate

May 21, 2025

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Full Bill Text

Length: 2,107 characters Version: Introduced in Senate Version Date: May 21, 2025 Last Updated: Nov 14, 2025 6:16 AM

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 1840 Introduced in Senate

(IS) ]

<DOC>

119th CONGRESS
1st Session
S. 1840

To amend the Internal Revenue Code of 1986 to provide for a
microemployer pension plan startup credit.

_______________________________________________________________________

IN THE SENATE OF THE UNITED STATES

May 21, 2025

Ms. Hassan (for herself and Mr. Budd) introduced the following bill;
which was read twice and referred to the Committee on Finance

_______________________________________________________________________

A BILL

To amend the Internal Revenue Code of 1986 to provide for a
microemployer pension plan startup credit.

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

SECTION 1.

This Act may be cited as the ``Retirement Investment in Small
Employers Act''.

SEC. 2.

(a) In General.--

Section 45E of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: `` (g) Credit for Microemployers.

is amended by adding at the end the following new subsection:
``

(g) Credit for Microemployers.--
``

(1) In general.--In the case of a qualified
microemployer--
``
(A) subsection

(a) shall be applied by
substituting `100 percent' for `50 percent', and
``
(B) subsection

(b)

(1) shall be applied by
substituting `$2,500' for `$500' in subparagraph
(A) thereof.
``

(2) Qualified microemployer.--For purposes of this
subsection, the term `qualified microemployer' means an
employer which would be an eligible employer if

section 408 (p) (2) (C) (i) (I) were applied by substituting `10' for `100', but only if the eligible employer plan established or maintained by such employer, under the terms of the plan, accepts payment of the matching contribution under

(p)

(2)
(C)
(i)
(I) were applied by substituting `10' for `100',
but only if the eligible employer plan established or
maintained by such employer, under the terms of the plan,
accepts payment of the matching contribution under

section 6433.

(b) Effective Date.--The amendment made by this section shall apply
to taxable years beginning after December 31, 2024.
<all>

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 1840 Introduced in Senate

    (IS) ]

<DOC>

119th CONGRESS
 1st Session
 S. 1840

 To amend the Internal Revenue Code of 1986 to provide for a 
 microemployer pension plan startup credit.

_______________________________________________________________________

 IN THE SENATE OF THE UNITED STATES

 May 21, 2025

 Ms. Hassan (for herself and Mr. Budd) introduced the following bill; 
 which was read twice and referred to the Committee on Finance

_______________________________________________________________________

 A BILL

 To amend the Internal Revenue Code of 1986 to provide for a 
 microemployer pension plan startup credit.

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

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``Retirement Investment in Small 
Employers Act''.

SEC. 2. MICROEMPLOYER PENSION PLAN STARTUP CREDIT.

    (a) In General.--

Section 45E of the Internal Revenue Code of 1986 
is amended by adding at the end the following new subsection:
 ``

    (g) Credit for Microemployers.--
 ``

    (1) In general.--In the case of a qualified 
 microemployer--
 ``
        (A) subsection

    (a) shall be applied by 
 substituting `100 percent' for `50 percent', and
 ``
        (B) subsection

    (b)

    (1) shall be applied by 
 substituting `$2,500' for `$500' in subparagraph
        (A) thereof.
 ``

    (2) Qualified microemployer.--For purposes of this 
 subsection, the term `qualified microemployer' means an 
 employer which would be an eligible employer if 

section 408

    (p)

    (2)
            (C) 
            (i) 
            (I) were applied by substituting `10' for `100', 
 but only if the eligible employer plan established or 
 maintained by such employer, under the terms of the plan, 
 accepts payment of the matching contribution under 

section 6433.''.

    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2024.
 <all>

View original source ↗

119-s1840