113 HR 4133 IH: Small Business Attraction and Retention Act of 2014 U.S. House of Representatives 2014-02-28 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 113th CONGRESS 2d Session H. R. 4133 IN THE HOUSE OF REPRESENTATIVES February 28, 2014 Mr. Murphy of Florida (for himself, Mr. Peters of California, Mr. Garcia, Mr. Delaney, and Ms. Sinema) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to expand the credit period for which an employer is eligible for the credit for employee health insurance expenses of small employers.

1.

Short title

This Act may be cited as the Small Business Attraction and Retention Act of 2014.

2.

Expansion of credit period for which an employer is eligible for the credit for employee health insurance expenses of small employers

(a)

In general

Section 45R(e)(2) of the Internal Revenue Code of 1986 is amended by striking 2-consecutive-taxable year period and inserting 3-consecutive-taxable year period. (b)

Conforming amendment

Section 45R(i) of the Internal Revenue Code of 1986 is amended by striking 2-year limit on the credit period and inserting 3-year limit on the credit period. (c)

Effective date

The amendment made by subsection (a) shall apply to amounts paid or incurred in taxable years beginning after December 31, 2014.