Small Business Attraction and Retention Act of 2014

Small Business Attraction and Retention Act of 2014 - Amends the Internal Revenue Code to extend the period during which an employer may qualify for the small employer health insurance tax credit from two to three consecutive taxable years beginning with the first taxable year in which such employer offers one or more qualified health plans to its employees through an American Health Benefit Exchange.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4133 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 4133

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.


_______________________________________________________________________


                    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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

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

SEC. 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.
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