118th Congress · HOUSE BILLBILL

H.R. 6007 — Retirement Investment in Small Employers Act

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

Taxation

Introduced Oct 19, 2023

Last action Oct 25, 2023

Pipeline · Bill → Law

Step 1

Introduced

Oct 19, 2023

Step 2

Referred

Oct 25, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill allows an increased start-up tax credit (from $500 to $2,500) for micro-businesses (not more than 10 employees) for the costs of setting up a defined contribution pension plan.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Oct 25, 2023

Referred to the House Committee on Ways and Means.

Oct 19, 2023

Introduced in House