H.R. 4324 (112th): Small Business Employee Health Insurance Credit Expansion Act of 2012

Introduced:
Mar 29, 2012 (112th Congress, 2011–2013)
Sponsor:
Rep. Ron Kind [D-WI3]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on March 29, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced Mar 29, 2012
Referred to Committee Mar 29, 2012
Cosponsors
1 cosponsors (1D) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend the Internal Revenue Code of 1986 to expand the credit for employee health insurance expenses of small employers.

Summary

No summaries available.

Text

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Last updated Mar 29, 2012.
5 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

3/29/2012--Introduced.
Small Business Employee Health Insurance Credit Expansion Act of 2012 - Amends the Internal Revenue Code, with respect to the tax credit for the health insurance expenses of small employers, to:
(1) expand the eligibility of such employers for the credit by allowing them to have up to 50 full-time employees (currently, limited to no more than 25 full-time employees);
(2) modify the phaseout of such credit based upon increases in the number of eligible employees and the employer's average annual wages as specified in a formula provided by this Act;
(3) repeal the requirement that employers make uniform contributions of at least 50% of each employee's premium to qualify for the tax credit;
(4) repeal the limitation on such credit based on the average premium in the small group market in the rating area in which an employee enrolls for coverage; and
(5) repeal the 2-year limitation on such credit..

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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