0
0

Retirement Investment in Small Employers Act

12/15/2023, 4:03 PM

Congressional Summary of HR 6007

Retirement Investment in Small Employers Act

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.

Current Status of Bill HR 6007

Bill HR 6007 is currently in the status of Bill Introduced since October 19, 2023. Bill HR 6007 was introduced during Congress 118 and was introduced to the House on October 19, 2023.  Bill HR 6007's most recent activity was Referred to the House Committee on Ways and Means. as of October 25, 2023

Bipartisan Support of Bill HR 6007

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
2
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 6007

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 6007

Retirement Investment in Small Employers Act
Retirement Investment in Small Employers Act
To amend the Internal Revenue Code of 1986 to provide for a microemployer pension plan startup credit.

Comments