,,ii  #aaith ,,congress  #ast ,session  
,s4 #bcfe  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,july #ba1     
#bjbe,mr4 ,lankford 7for himself and    
,ms4 ,cortez ,masto7 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 make the     
credit for small employer pension plan  
startup costs and the retirement        
auto-enrollment credit available to     
tax-exempt eligible small employers4    
#a4 ,short title ,this ,act may be cited
 as the ,small ,nonprofit ,retirement   
,security ,act of #bjbe4  #b4           
,retirement credits made available to   
tax-exempt small employers  7a7 ,credit 
for small employer pension plan startup 
costs ,section #de;,e of the ,internal  
,revenue ,code of #aihf is amended by   
adding at the end the following new     
subsection3  7g7 ,credit made available 
to tax-,exempt eligible employers  7#a7 
,in general ,in the case of a tax-exempt

 eligible employer1 there shall be      
treated as a credit allowed under       
section #caaa7;g71 and not as a credit  
determined under subsection 7a71 an     
amount equal to the lesser of-- 7,a7 the
 amount of the credit determined under  
this section 7without regard to this    
subsection7 with respect to such        
employer1 or  7,b7 the amount of payroll
 tax paid by the employer during the    
calendar year in which the taxable year 
begins4  7#b7 ,definitions ,for purposes
 of this subsection-- 7,a7 ,tax-exempt  
eligible employer ,the term tax-exempt  
eligible employer means an eligible     
employer which is described in section  
#eja7;c7 and exempt from taxation under 
section #eja7;a74  7,b7 ,payroll tax    
7i7 ,in general ,the term payroll tax   
means the tax imposed by section        
#caaa7;a74  7ii7 ,special rule ,a rule  
similar to the rule of section          
#bd7;d77#b77;,c7 shall apply for        
purposes of determining the payroll tax 
paid by an employer4  4  7b7 ,retirement

 auto-,enrollment credit ,section #de,t 
of the ,internal ,revenue ,code of #aihf
 is amended by adding at the end the    
following new subsection3  7d7 ,credit  
made available to tax-,exempt eligible  
employers  7#a7 ,in general ,in the case
 of a tax-exempt eligible employer1     
there shall be treated as a credit      
allowed under section #caaa7;g71 and not
 as a credit determined under subsection
 7a71 an amount equal to the lesser of  
-- 7,a7 the amount of the credit        
determined under this section 7without  
regard to this subsection7 with respect 
to such employer1 or  7,b7 the amount of
 payroll tax paid by the employer during
 the calendar year in which the taxable 
year begins4  7#b7 ,definitions ,for    
purposes of this subsection-- 7,a7      
,tax-exempt eligible employer ,the term 
tax-exempt eligible employer means an   
eligible employer which is described in 
section #eja7;c7 and exempt from        
taxation under section #eja7;a74  7,b7  
,payroll tax  7i7 ,in general ,the term 

payroll tax means the tax imposed by    
section #caaa7;a74  7ii7 ,special rule  
,a rule similar to the rule of section  
#bd7;d77#b77;,c7 shall apply for        
purposes of determining the payroll tax 
paid by an employer4  4  7c7 ,payroll   
credit ,section #caaa of the ,internal  
,revenue ,code of #aihf is amended by   
adding at the end the following new     
subsection3  7g7 ,credit for certain    
plans of tax-,exempt employers  7#a7 ,in
 general ,in the case of a tax-exempt   
eligible employer to which section      
#de;,e7g7 or section #de,t7d7 applies1  
there shall be allowed as a credit      
against the tax imposed by subsection   
7a7 for calendar quarters in an         
applicable year an amount equal to the  
amount determined under section         
#de;,e7g77#a7 or section #de,t7d77#a71  
whichever is applicable4  7#b7          
,limitation ,the aggregate amount       
allowed as a credit under this          
subsection for the calendar quarters in 
any year shall not exceed the amount of 

the tax imposed by subsection 7a7 on    
wages paid with respect to the          
employment of all employees of the      
employer during such year1 determined by
 applying a rule similar to the rule of 
section #bd7;d77#b77;,c74  7#c7         
,definitions ,for purposes of this      
subsection-- 7,a7 ,tax-exempt eligible  
employer ,the term tax-exempt eligible  
employer means an eligible employer     
which is described in section #eja7;c7  
and exempt from taxation under section  
#eja7;a74  7,b7 ,applicable year ,the   
term applicable year means the calendar 
year referred to in section             
#de;,e7g77#a77;,b7 or section           
#de,t7d77#a77;,b71 whichever is         
applicable4  4  7d7 ,effective date ,the
 amendments made by this section shall  
apply to taxable years beginning after  
,december #ca1 #bjbd4  7e7 ,transfers of
 ,funds to ,old-,age1 ,survivors1 and   
,disability ,trust ,fund ,there are     
hereby appropriated to the ,federal     
,old-,age and ,survivors ,trust ,fund   

and the ,federal ,disability ,insurance 
,trust ,fund established under section  
#bja of the ,social ,security ,act 7#db 
,u4,s4,c4 #dja7 amounts equal to the    
reduction in revenues to the ,treasury  
by reason of the amendments made by     
subsections 7a71 7b71 and 7c74 ,amounts 
appropriated by the preceding sentence  
shall be transferred from the general   
fund at such times and in such manner as
 to replicate to the extent possible the
 transfers which would have occurred to 
such ,trust ,fund had such amendments   
not been enacted4