S. 2227 (112th): Small Business Health Care Tax Credit Improvement Act of 2012

Introduced:
Mar 22, 2012 (112th Congress, 2011–2013)
Status:
Died (Referred to Committee)
Sponsor
John Kerry
Senator from Massachusetts
Party
Democrat
Text
Read Text »
Last Updated
Mar 22, 2012
Length
5 pages
Related Bills
H.R. 4252 (identical)

Referred to Committee
Last Action: Mar 22, 2012

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

Referred to Committee
Last Action: Mar 29, 2012

 
Status

This bill was introduced on March 22, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced Mar 22, 2012
Referred to Committee Mar 22, 2012
 
Full Title

A bill to amend the Internal Revenue Code of 1986 to expand and simplify the credit for employee health insurance expenses of small employers.

Summary

No summaries available.

Cosponsors
1 cosponsors (1D) (show)
Committees

Senate Finance

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

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

S. stands for Senate bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

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.


3/22/2012--Introduced.
Small Business Health Care Tax Credit Improvement 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;
(3) increase the average annual wage limitation for 2012, 2013, and subsequent years;
(4) repeal the requirement that employers make uniform contributions of at least 50% of each employee's premium to qualify for the tax credit; and
(5) 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.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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