| 1 | 1 | | I |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION H. R. 1959 |
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| 5 | 5 | | To amend the Internal Revenue Code of 1986 to protect small businesses |
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| 6 | 6 | | from unemployment insurance premium increases by reason of unrepaid |
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| 7 | 7 | | State advances. |
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| 8 | 8 | | IN THE HOUSE OF REPRESENTATIVES |
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| 9 | 9 | | MARCH6, 2025 |
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| 10 | 10 | | Ms. T |
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| 11 | 11 | | ENNEY(for herself and Mr. SMUCKER) introduced the following bill; |
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| 12 | 12 | | which was referred to the Committee on Ways and Means |
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| 13 | 13 | | A BILL |
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| 14 | 14 | | To amend the Internal Revenue Code of 1986 to protect |
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| 15 | 15 | | small businesses from unemployment insurance premium |
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| 16 | 16 | | increases by reason of unrepaid State advances. |
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| 17 | 17 | | Be it enacted by the Senate and House of Representa-1 |
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| 18 | 18 | | tives of the United States of America in Congress assembled, 2 |
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| 19 | 19 | | SECTION 1. PROTECTION OF SMALL BUSINESS FROM UN-3 |
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| 20 | 20 | | EMPLOYMENT INSURANCE PREMIUM IN-4 |
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| 21 | 21 | | CREASES BY REASON OF UNREPAID STATE 5 |
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| 22 | 22 | | ADVANCES. 6 |
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| 23 | 23 | | (a) I |
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| 24 | 24 | | NGENERAL.—Section 3302(c) of the Internal 7 |
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| 25 | 25 | | Revenue Code of 1986 is amended by adding at the end 8 |
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| 26 | 26 | | the following new paragraph: 9 |
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| 27 | 27 | | VerDate Sep 11 2014 01:20 Mar 21, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H1959.IH H1959 |
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| 28 | 28 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 2 |
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| 29 | 29 | | •HR 1959 IH |
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| 30 | 30 | | ‘‘(4) CREDITS OFSMALLBUSINESSESNOTRE-1 |
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| 31 | 31 | | DUCED BYREASON OFUNREPAIDADVANCES.— 2 |
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| 32 | 32 | | ‘‘(A) I |
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| 33 | 33 | | N GENERAL.—Paragraph (2) shall not 3 |
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| 34 | 34 | | apply with respect to any specified small business. 4 |
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| 35 | 35 | | ‘‘(B) S |
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| 36 | 36 | | PECIFIED SMALL BUSINESS .—For pur-5 |
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| 37 | 37 | | poses of this paragraph, the term ‘specified small 6 |
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| 38 | 38 | | business’ means any taxpayer if such taxpayer em-7 |
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| 39 | 39 | | ploys fewer than 500 employees as of the close of 8 |
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| 40 | 40 | | the third quarter of the calendar year immediately 9 |
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| 41 | 41 | | preceding the second consecutive January 1 referred 10 |
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| 42 | 42 | | to in paragraph (2)(A)(i).’’. 11 |
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| 43 | 43 | | (b) E |
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| 44 | 44 | | FFECTIVEDATE.—The amendment made by 12 |
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| 45 | 45 | | this section shall apply to taxable years beginning after 13 |
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| 46 | 46 | | the date of the enactment of this Act. 14 |
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| 47 | 47 | | Æ |
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| 48 | 48 | | VerDate Sep 11 2014 01:20 Mar 21, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H1959.IH H1959 |
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| 49 | 49 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB |
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