A bill to amend the Internal Revenue Code of 1986 to make the credit for small employer pension plan startup costs and the retirement auto-enrollment credit available to tax-exempt eligible small employers.

Bill 118 s 4965, also known as the "Small Employer Pension Plan Startup Costs and Retirement Auto-Enrollment Credit Act," aims to amend the Internal Revenue Code of 1986 to provide tax benefits to tax-exempt eligible small employers.

The bill specifically focuses on two key provisions: the credit for small employer pension plan startup costs and the retirement auto-enrollment credit. These credits are currently available to small businesses, but this bill seeks to extend them to tax-exempt eligible small employers as well.

By making these credits available to tax-exempt eligible small employers, the bill aims to incentivize these organizations to offer retirement savings plans to their employees. This, in turn, can help more workers save for their future and improve overall retirement security. Overall, Bill 118 s 4965 aims to promote retirement savings among tax-exempt eligible small employers by providing them with additional tax incentives to offer pension plans and auto-enrollment options to their employees.