In committee
Retirement Investment in Small Employers Act
Beginning in the 2025 tax year, this bill updates federal tax credits available to small businesses that establish retirement plans for their employees. Under federal law, eligible small employers can claim tax credits to help offset the administrative and startup costs of providing retirement benefits like 401(k) plans. This legislation amends the rules governing how those startup tax credits apply.
People affected—Not determinable from the text provided; no specific population or eligible entity counts are defined.
Fiscal magnitude—no CBO estimate published
Reach25provisional · pending reviewrigor: heuristic llm
What this bill touches.
Overall tax level−20Retirement programs−20Business taxation−25
Who it helps · who it burdens.
Who it helps
- Small employers starting retirement plansEligible for modified tax credits under Section 45E of the Internal Revenue Code for expenses related to starting a pension plan, effective for tax years beginning after December 31, 2024.
The provisions, in plain language.
Amends the small employer pension plan startup cost tax credit under Internal Revenue Code Section 45E, effective for taxable years beginning after December 31, 2024.
How your members of Congress line up
How it moved.
- Read twice and referred to the Committee on Finance.
- Introduced in Senate