1. Short title
This Act may be cited as the “Small Business Attraction and Retention Act of 2014”.
Small Business Attraction and Retention Act of 2014
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.
2. Expansion of credit period for which an employer is eligible for the credit for employee health insurance expenses of small employers
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”.
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”.
Effective date— The amendment made by subsection (a) shall apply to amounts paid or incurred in taxable years beginning after December 31, 2014.