To amend the Internal Revenue Code of 1986 to protect small businesses from unemployment insurance premium increases by reason of unrepaid State advances.
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 2
- Latest action
- Mar 6, 2025
What it does
The bill would amend the Internal Revenue Code to prevent small businesses from facing higher unemployment insurance premiums due to unrepaid state advances by exempting them from certain credit reductions. It defines a specified small business as any taxpayer employing fewer than 500 employees as of the close of the third quarter of the calendar year preceding the second consecutive January 1 referenced in existing law. The change would apply to taxable years beginning after the date of enactment. The bill was introduced in the House and referred to the Committee on Ways and Means.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
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Where it goes next
While a bill can still move, the questions are about people and money.