US Congress Senate Bill 2227 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on March 22 2012 - 25% progression, died in committee
Action: 2012-03-22 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

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.

Small Business Health Care Tax Credit Improvement Act of 2012

Sen. John Kerry [D-MA]

Sen. Mary Landrieu [D-LA]

Date	Chamber	Action
2012-03-22	Senate	Read twice and referred to the Committee on Finance.

HB4252 (Same As) 2012-03-22 - Referred to the House Committee on Ways and Means.
HB4324 (Related) 2012-03-29 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/senate-bill/2227/all-info
Text	https://www.congress.gov/112/bills/s2227/BILLS-112s2227is.pdf