,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #dcb  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #aa1 #bjag,ms4
 ,del,bene 7= h]self1 ,mr4 ,k9d1 ,mr4   
,rupp]sb]g]1 & ,ms4 ,ku/] ( ,new        
,hamp%ire7 introduc$ ! foll[+ bill2 :i* 
0 ref]r$ to ! ,committee on ,ways &     
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to exp& & modify !
 cr$it = employee heal? insurance       
exp5ses ( small employ]s4  #a4 ,%ort    
title ,?is ,act may be cit$ z ! ,small  
,bus9ess ,tax ,cr$it ,accessibility     
,act4  #b4 ,expansion & modification (  
cr$it = employee heal? insurance exp5ses
 ( small employ]s  7a7 ,expansion (     
def9ition ( eligible small employ]      
,subp>agraph 7,a7 ( section #de,r7d77#a7
 ( ! ,int]nal ,rev5ue ,code ( #aihf is  
am5d$ by /rik+ #be & ins]t+ #ej4  7b7   
,am5dm5t ,to phase\t det]m9ation        
,subsection 7c7 ( section #de,r ( !     
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
to read z foll[s3  7c7 ,phase\t ( cr$it 
am\nt bas$ on numb] ( employees & av]age

 wages ,! am\nt ( ! cr$it det]m9$ "u    
subsection 7b7 7)\t reg>d to ?is        
subsection7 %all be adju/$ 7b n bel[    
z]o7 by multiply+ su* am\nt by ! product
 (--  7#a7 ! less] (-- 7,a7 a fraction !
 num]ator ( :i* is ! excess 7if any7 (  
#ej ov] ! total numb] ( full-"t         
equival5t employees ( ! employ] & !     
d5om9ator ( :i* is #cj1 &  7,b7 #a1 &   
7#b7 ! less] (--  7,a7 a fraction-- 7i7 
! num]ator ( :i* is ! excess 7if any7   
(--  7,i7 ! doll> am\nt 9 effect "u     
subsection 7d77#c77;,b7 = ! taxable ye>1
 multipli$ by #c1 ov]  7,,ii7 ! av]age  
annual wages ( ! employ] = su* taxable  
ye>1 &  7ii7 ! d5om9ator ( :i* is !     
doll> am\nt s 9 effect "u subsection    
7d77#c77;,b71 multipli$ by #b1 &  7,b7  
#a4  4  7c7 ,ext5sion ( cr$it p]iod     
,p>agraph 7#b7 ( section #de,r7e7 ( !   
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by /rik+ #b-;consecutive-taxable ye>    
p]iod & all t foll[s & ins]t+           
8#c-;consecutive-taxable ye> p]iod      
beg9n+ ) ! fir/ taxable ye> beg9n+ aft] 

#bjad 9 :i*--  7,a7 ! employ] 7or any   
pr$ecessor7 (f]s "o or m qualifi$ heal? 
plans to its employees ?r\gh an         
,ex*ange1 &  7,b7 ! employ] 7or any     
pr$ecessor7 claims ! cr$it "u ?is       
section4  4  7d7 ,av]age annual wage    
limitation ,subp>agraph 7,b7 ( section  
#de,r7d77#c7 ( ! ,int]nal ,rev5ue ,code 
( #aihf is am5d$ to read z foll[s3  7,b7
 ,doll> am\nt ,= purposes ( p>agraph    
7#a77;,b7 & subsection 7c77#b71 ! doll> 
am\nt 9 effect "u ?is p>agraph is !     
am\nt equal to #aaj p]c5t ( ! pov]ty l9e
 7)9 ! mean+ ( section #cf;,b7d77#c77 = 
a family ( #d4  4  7e7 ,elim9ation (    
uni=m p]c5tage contribution requirem5t  
,p>agraph 7#d7 ( section #de,r7d7 ( !   
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by /rik+ a uni=m p]c5tage 7n less ?an   
#ej p]c5t7 & ins]t+ at lea/ #ej p]c5t4  
7f7 ,elim9ation ( cap relat+ to av]age  
local premiums ,subsection 7b7 ( section
 #de,r ( ! ,int]nal ,rev5ue ,code (     
#aihf is am5d$ by /rik+ ! less] ( & all 
t foll[s & ins]t+ ! aggregate am\nt (   

nonelective contributions ! employ] made
 on behalf ( its employees dur+ !       
taxable ye> "u ! arrangem5t describ$ 9  
subsection 7d77#d7 = premiums = qualifi$
 heal? plans (f]$ by ! employ] to its   
employees ?r\gh an ,ex*ange44  7g7      
,con=m+ am5dm5t relat+ to annual wage   
limitation ,subp>agraph 7,b7 ( section  
#de,r7d77#a7 ( ! ,int]nal ,rev5ue ,code 
( #aihf is am5d$ by /rik+ twice & ins]t+
 ?ree times4  7h7 ,effective date ,!    
am5dm5ts made by ?is section %all apply 
to am\nts paid or incurr$ 9 taxable ye>s
 beg9n+ aft] ,decemb] #ca1 #bjaf4