Source: http://uscode.house.gov/view.xhtml?req=(title:26%20section:45R%20edition:prelim)
Timestamp: 2017-06-27 07:15:03
Document Index: 530645198

Matched Legal Cases: ['§ 45', '§45', '§1421', '§10105', '§ 201', '§1001', '§10105', '§10105', '§10105']

[USC03] 26 USC 45R: Employee health insurance expenses of small employers
TITLE 26 / Subtitle A / CHAPTER 1 / Subchapter A / PART IV / Subpart D / § 45R
26 USC 45R: Employee health insurance expenses of small employers
§45R. Employee health insurance expenses of small employers
Subject to subsection (c), the amount determined under this subsection with respect to any eligible small employer is equal to 50 percent (35 percent in the case of a tax-exempt eligible small employer) of the lesser of-
The term "eligible small employer" means, with respect to any taxable year, an employer-
The term "full-time equivalent employees" means a number of employees equal to the number determined by dividing-
The average annual wages of an eligible small employer for any taxable year is the amount determined by dividing-
For purposes of paragraph (1)(B) and subsection (c)(2)-
The term "employee" shall not include-
In the case of a tax-exempt eligible small employer, there shall be treated as a credit allowable under subpart C (and not allowable under this subpart) the lesser of-
For purposes of this section, the term "tax-exempt eligible small employer" means an eligible small employer which is any organization described in section 501(c) which is exempt from taxation under section 501(a).
The term "payroll taxes" means-
The amount of the credit determined under subsection (b) shall be determined-
(A) by substituting "35 percent (25 percent in the case of a tax-exempt eligible small employer)" for "50 percent (35 percent in the case of a tax-exempt eligible small employer)",
(B) by reference to an eligible small employer's nonelective contributions for premiums paid for health insurance coverage (within the meaning of section 9832(b)(1)) of an employee, and
(Added and amended Pub. L. 111–148, title I, §1421(a), title X, §10105(e)(1), (2), Mar. 23, 2010, 124 Stat. 237
, 906.)
, which is classified generally to chapter 6A (§ 201 et seq.) of Title 42, The Public Health and Welfare. For complete classification of this Act to the Code, see Short Title note set out under section 201 of Title 42 and Tables.
The Patient Protection and Affordable Care Act, referred to in subsec. (h), is Pub. L. 111–148, Mar. 23, 2010, 124 Stat. 119
. Subtitle A (§§1001 to 1004) of title I of the Act enacted sections 300gg–11 to 300gg–19, 300gg–93, and 300gg–94 of Title 42, The Public Health and Welfare, redesignated sections 300gg–4 to 300gg–7 of Title 42 as sections 300gg–25 to 300gg–28, respectively, of Title 42, and section 300gg–13 of Title 42 as section 300gg–9 of Title 42, amended former sections 300gg–11 and 300gg–12 and sections 300gg–21 to 300gg–23 of Title 42, and enacted provisions set out as a note under section 300gg–11 of Title 42. For complete classification of this Act to the Code, see Short Title note set out under section 18001 of Title 42 and Tables.
2010-Subsec. (d)(3)(B). Pub. L. 111–148, §10105(e)(1), amended subpar. (B) generally, including dollar amount for taxable years beginning in 2010 in addition to dollar amounts for taxable years beginning in 2011, 2012, and 2013, and subsequent years.
Subsec. (g). Pub. L. 111–148, §10105(e)(2), substituted "2010, 2011" for "2011" in heading and in introductory provisions.
Pub. L. 111–148, title X, §10105(e)(5), Mar. 23, 2010, 124 Stat. 907
, provided that: "The amendments made by this subsection [amending this section, section 280C of this title, and provisions set out as a note under section 38 of this title] shall take effect as if included in the enactment of section 1421 of this Act."