,,ii  #aaith ,,congress  #ast ,session  
,s4 #ahdj  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,may #ba1 #bjbe
 ,ms4 ,hassan 7for herself and ,mr4     
,budd7 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 provide for a microemployer    
pension plan startup credit4  #a4       
,short title  ,this ,act may be cited as
 the ,retirement ,investment in ,small  
,employers ,act4  #b4  ,microemployer   
pension plan startup credit  7a7  ,in   
general  ,section #de;,e of the         
,internal ,revenue ,code of #aihf is    
amended by adding at the end the        
following new subsection3  7g7  ,credit 
for microemployers  7#a7  ,in general   
,in the case of a qualified             
microemployer-- 7,a7 subsection 7a7     
shall be applied by substituting #ajj   
percent for #ej percent1 and  7,b7      
subsection 7b77#a7 shall be applied by  
substituting #b1ejj for #ejj in         

subparagraph 7,a7 thereof4  7#b7        
,qualified microemployer  ,for purposes 
of this subsection1 the term qualified  
microemployer means an employer which   
would be an eligible employer if section
 #djh7p77#b77;,c77i77,i7 were applied by
 substituting #aj for #ajj1 but only if 
the eligible employer plan established  
or maintained by such employer1 under   
the terms of the plan1 accepts payment  
of the matching contribution under      
section #fdcc4  4  7b7  ,effective date 
,the amendment made by this section     
shall apply to taxable years beginning  
after ,december #ca1 #bjbd4