arrow_back Back to App

Tax Credits for Small Businesses Employing Military Spouses

This act introduces tax credits for small businesses that offer retirement plans to military spouses. The goal is to encourage employers to provide retirement benefits to this group, potentially improving their financial security and career stability, given the frequent relocations associated with their spouse's military service.
Key points
Small businesses can receive a tax credit for including military spouses in their retirement plans.
The credit is $200 for each eligible military spouse employee, plus up to $300 for employer contributions to their retirement plan.
Eligible military spouses must be employed for more than 2 months, not be highly compensated employees, and provide certification of their status as a spouse of an active-duty service member.
The credit is available to an employer for a maximum of 3 taxable years per military spouse.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_1273
Sponsor: Sen. Collins, Susan M. [R-ME]
Process start date: 2021-04-21
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Military Spouses Retirement Security Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_1273.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-04-21.

What are the main provisions?

Key points include:

  • Small businesses can receive a tax credit for including military spouses in their retirement plans.
  • The credit is $200 for each eligible military spouse employee, plus up to $300 for employer contributions to their retirement plan.
  • Eligible military spouses must be employed for more than 2 months, not be highly compensated employees, and provide certification of their status as a spouse of an active-duty service member.
  • The credit is available to an employer for a maximum of 3 taxable years per military spouse.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Collins, Susan M. [R-ME].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Taxes Labor Family