H.R. 4324 · 112th Congress
Small Business Employee Health Insurance Credit Expansion Act of 2012
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
KindSponsor1 cosponsor · 1 D
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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…
What it does: CRS summary · Introduced in House · Mar 29, 2012
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..
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Small Business Employee Health Insurance Credit Expansion Act of 2012
Latest action (Mar 29, 2012): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Mar 29, 2012
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.