,,ii  #aagth ,,congress  #b;d ,session  
,s4 #daec  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #e1       
#bjbb,mr4 ,hickenlooper 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 enhance the  
credit for small employer pension plan  
startup costs4  #a4 ,short title ,this  
,act may be cited as the ,incentivizing 
,small ,business ,retirement ,savings   
,act4  #b4 ,credits for employer        
contributions by certain eligible       
employers  7a7 ,in general ,section     
#de;,e of the ,internal ,revenue ,code  
of #aihf is amended by adding at the end
 the following new subsection3  7f7     
,additional credit for employer         
contributions by certain eligible       
employers  7#a7 ,in general ,in the case
 of an eligible employer1 the credit    
allowed for the taxable year under      
subsection 7a7 7determined without      
regard to this subsection1 and after the

 application of subsection 7b77 shall be
 increased by an amount equal to the    
applicable percentage of employer       
contributions 7other than any elective  
deferrals 7as defined in section        
#djb7;g77#c777 made by the employer to  
an eligible employer plan 7other than a 
defined benefit plan 7as defined in     
section #dad7;j777 for the taxable year4
  7#b7 ,limitations  7,a7 ,dollar       
limitation ,the amount determined under 
paragraph 7#a7 7before the application  
of subparagraph 7,b77 with respect to   
any employee of the employer shall not  
exceed #a1jjj4  7,b7 ,credit phase-out  
,with respect to any taxable year1 the  
#a1jjj amount under subparagraph 7,a7   
shall be reduced by #b percent for each 
employee by which the number of         
employees of the employer for the       
preceding taxable year exceeds #ej4     
7,c7 ,only non-highly compensated       
employees taken into account ,for       
purposes of paragraph 7#a71 only        
contributions with respect to employees 

who are not highly compensated employee 
7as defined in section #dad7q77 shall be
 taken into account4  7#c7 ,applicable  
percentage ,for purposes of this        
subsection1 the applicable percentage   
is-- 7,a7 for the first credit year with
 respect to the employer for purposes of
 subsection 7b7 and the taxable year    
immediately following such first credit 
year1 #ajj percent1  7,b7 for the #bnd  
taxable year following such first credit
 year1 #ge percent1  7,c7 for the #crd  
taxable year following such first credit
 year1 #ej percent1  7,d7 for the #dth  
taxable year following such first credit
 year1 #be percent1 and  7,e7 zero      
percent thereafter4  4  7b7             
,disallowance of deduction ,section     
#de;,e7e77#b7 of the ,internal ,revenue 
,code of #aihf is amended to read as    
follows3  7#b7 ,disallowance of         
deduction ,no deduction shall be        
allowed-- 7,a7 for that portion of the  
qualified startup costs paid or incurred
 for the taxable year which is equal to 

so much of the portion of the credit    
determined under subsection 7a7 as is   
properly allocable to such costs1 or    
7,b7 for that portion of the employer   
contributions made by the employer for  
the taxable year which is equal to so   
much of the credit increase determined  
under subsection 7f7 as is properly     
allocable to such contributions4  4  7c7
 ,effective date ,the amendments made by
 this section shall apply to taxable    
years beginning after the date of the   
enactment of this ,act4