Small Business Attraction and Retention Act of 2014

Bill: 113-hr-4133
Sponsor: full_name: Rep. Murphy, Patrick [D-FL-18]
Introduced: 2014-02-28
Policy area: Taxation
Subjects: Employee benefits and pensions

Health care costs and insurance

Income tax credits

Small business
Latest action: action_date: 2014-02-28
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2014-02-28
action_desc: Introduced in House
text: <p>Small Business Attraction and Retention Act of 2014 - Amends the Internal Revenue Code to extend the period during which an employer may qualify for the small employer health insurance tax credit from two to three consecutive taxable years beginning with the first taxable year in which such employer offers one or more qualified health plans to its employees through an American Health Benefit Exchange.</p>

tv_txt: I 113th CONGRESS 2d Session H. R. 4133 IN THE HOUSE OF REPRESENTATIVES February 28, 2014 Mr. Murphy of Florida (for himself, Mr. Peters of California , Mr. Garcia , Mr. Delaney , and Ms. Sinema ) 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 expand the credit period for which an employer is eligible for the credit for employee health insurance expenses of small employers.

1. Short title This Act may be cited as the Small Business Attraction and Retention Act of 2014 . 2. Expansion of credit period for which an employer is eligible for the credit for employee health insurance expenses of small employers (a) In general Section 45R(e)(2) of the Internal Revenue Code of 1986 is amended by striking 2-consecutive-taxable year period and inserting 3-consecutive-taxable year period . (b) Conforming amendment Section 45R(i) of the Internal Revenue Code of 1986 is amended by striking 2-year limit on the credit period and inserting 3-year limit on the credit period . (c) Effective date The amendment made by subsection (a) shall apply to amounts paid or incurred in taxable years beginning after December 31, 2014.