,,ii  #aacth ,,congress  #ast ,session  
,s4 #acbe  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #ah1     
#bjac ,mr4 ,begich 7for himself and ,ms4
 ,landrieu7 introduced the following    
bill2 which was read twice and referred 
to the ,committee on ,finance  ,a ,,bill
  ,to amend the ,internal ,revenue ,code
 of #aihf to modify the small employer  
health insurance credit1 and for other  
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,small ,business    
,tax ,credits ,improvement ,act4  #b4   
,modification of small employer health  
insurance credit  7a7 ,increase in      
eligible business size  7#a7 ,in general
 ,subparagraph 7,a7 of section          
#de,r7d77#a7 of the ,internal ,revenue  
,code of #aihf is amended by striking   
#be and inserting #ej4  7#b7 ,phaseout  
amount ,paragraph 7#a7 of section       
#de,r7c7 of such ,code is amended--     
7,a7 by striking #aj and inserting #bj1 
and  7,b7 by striking #ae and inserting 
#cj4  7#c7 ,maximum average annual wages

 ,subparagraph 7,b7 of section          
#de,r7d77#c7 of such ,code is amended-- 
7,a7 by redesignating clause 7ii7 as    
clause 7iii71  7,b7 by striking #bjac in
 clause 7iii71 as so redesignated1 and  
inserting #bjad1  7,c7 by striking      
#be1jjj in clause 7iii71 as so          
redesignated1 and inserting #cg1ejj1    
7,d7 by striking calendar year #bjab in 
clause 7iii71 as so redesignated1 and   
inserting calendar year #bjac1 and  7,e7
 by inserting after clause 7i7 the      
following new clause3  7ii7 #bjad ,the  
dollar amount in effect under this      
paragraph for taxable years beginning in
 #bjad is #cg1ejj4  4  7b7 ,elimination 
of uniform percentage contribution      
requirement ,paragraph 7#d7 of section  
#de,r7d7 of the ,internal ,revenue ,code
 of #aihf is amended by striking a      
uniform percentage 7not less than #ej   
percent7 and inserting at least #ej     
percent4  7c7 ,elimination of cap       
relating to average local premiums      
,subsection 7b7 of section #de,r of the 

,internal ,revenue ,code of #aihf is    
amended by striking the lesser of and   
all that follows and inserting the      
aggregate amount of nonelective         
contributions the employer made on      
behalf of its employees during the      
taxable year under the arrangement      
described in subsection 7d77#d7 for     
premiums for qualified health plans     
offered by the employer to its employees
 through an ,exchange44  7d7 ,credit    
availability for employee-,owners and   
family members in certain cases         
,subparagraph 7,a7 of section           
#de,r7e77#a7 of the ,internal ,revenue  
,code of #aihf is amended--  7#a7 by    
striking the period at the end and      
inserting a comma1 and  7#b7 by adding  
at the end the following flush text3    
unless at least #a full-time equivalent 
employee who is not described in clause 
7i71 7ii71 7iii71 or 7iv7 for the       
taxable year was employed by the        
employer for at least #f months during  
the taxable year 7or the entire period  

during the taxable year that the        
business was in existence1 if shorter   
than #f months74 4  7e7 ,effective date 
,the amendments made by this section    
shall apply to taxable years beginning  
after ,december #ca1 #bjac4