,,ii  #aae? ,,congress  #a/ ,session    
,s4 #abed  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #be1 #bjag ,ms4   
,/ab5[ 7= h]self1 ,mr4 ,pet]s1 & ,ms4   
,baldw97 introduc$ ! foll[+ bill2 :i* 0 
read twice & ref]r$ to ! ,committee on  
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to exp& ! small   
employ] heal? insurance cr$it4  #a4     
,%ort title  ,?is ,act may be cit$ z !  
,heal? ,c>e = ,small ,bus9ess ,act4  #b4
 ,expansion ( ,small ,employ] ,heal?    
,insurance ,cr$it  7a7 ,9 g5]al ,section
 #de,r ( ! ,int]nal ,rev5ue ,code (     
#aihf is am5d$-- 7#a7 9 subsection 7a71 
by /rik+ 9 ! cr$it p]iod1  7#b7 by am5d+
 subsection 7c7 to read z foll[s3  7c7  
,phase\t ( cr$it am\nt bas$ on av]age   
wages ,! am\nt ( ! cr$it det]m9$ "u     
subsection 7b7 )\t reg>d to ?is         
subsection %all be r$uc$ 7b n bel[ z]o7 
by su* am\nt multipli$ by a fraction--  
7#a7 ! num]ator ( :i* is ! av]age annual
 wages ( ! employ] 9 excess ( ! doll>   
am\nt 9 effect "u subsection            

7d77#c77;,b71 &  7#b7 ! d5om9ator :i* is
 ! am\nt equal to ! diff]5ce betwe5--   
7,a7 ! doll> am\nt 9 effect "u          
subsection 7d77#a77;,b71 &  7,b7 ! doll>
 am\nt 9 effect "u subsection           
7d77#c77;,b74  1  7#c7 9 subsection     
7d7--  7,a7 9 p>agraph 7#a7-- 7i7 9     
subp>agraph 7,a71 by /rik+ #be & ins]t+ 
#ej1 &  7ii7 9 subp>agraph 7,b71 by     
/rik+ an am\nt equal to twice ! doll>   
am\nt 9 effect "u p>agraph 7#c77;,b7 = !
 taxable ye> & ins]t+ #ge1jjj1 &  7,b7 9
 p>agraph 7#c71 by am5d+ subp>agraph    
7,b7 to read z foll[s3  7,b7 ,doll>     
am\nt ,! doll> am\nt "u ?is subp>agraph 
%all be #ej1jjj4  1  7#d7 9 subsection  
7e7--  7,a7 by /rik+ p>agraph 7#b71 &   
7,b7 by r$esignat+ p>agraphs 7#c7 ?r\gh 
7#e7 z p>agraphs 7#b7 ?r\gh 7#d71       
respectively1  7#e7 by am5d+ subsection 
7g7 to read z foll[s3  7g7 ,co/-(-,liv+ 
adju/m5t  7#a7 ,9 g5]al ,9 ! case ( any 
taxable ye> beg9n+ 9 a cal5d> ye> aft]  
#bjag1 ea* doll> am\nt 9 p>agraphs      
7#a77;,b7 & 7#c77;,b7 ( subsection 7d7  

%all be increas$ by an am\nt equal to-- 
7,a7 su* doll> am\nt1 multipli$ by  7,b7
 ! co/-(-liv+ adju/m5t det]m9$ "u       
section #a7;f77#c7 = su* cal5d> ye>1    
det]m9$ by sub/itut+ cal5d> ye> #bjaf = 
cal5d> ye> #aiib 9 subp>agraph 7,b7     
!re(4  7#b7 ,r\nd+ ,if any increase "u  
p>agraph 7#a7 is n a multiple ( #a1jjj1 
su* increase %all be r\nd$ to ! next    
l[e/ multiple ( #a1jjj4  1 &  7#f7 9    
subsection 7i71 by /rik+ #b-ye> limit on
 ! cr$it p]iod ?r\gh ! use ( successor  
entities & ! avoidance ( ! limitations &
 ins]t+ limitation4  7b7 ,effective date
 ,! am5dm5ts made by ?is section %all   
apply to taxable ye>s beg9n+ aft]       
,decemb] #ca1 #bjaf4