United States. Congress

“ Eligible Small Employer- For purposes of this section-- ` (1) IN GENERAL- The term `eligible small employer' means, with respect to any taxable year, an employer-- ` (A) which has no more than 25 full-time equivalent employees for the taxable year, ` (B) the average annual wages of which do not exceed an amount equal to twice the dollar amount in effect under paragraph (3) (B) for the taxable year, and ` (C) which has in effect an arrangement described in paragraph (4) . ”

“ DEDUCTION FOR EXPIRING CREDITS- Section 196 (c) of such Code is amended by striking `and' at the end of paragraph (12) , by striking the period at the end of paragraph (13) and inserting `, and', and by adding at the end the following new paragraph: ` (14) the small employer health insurance credit determined under section 45R (a) .'. (e) Clerical Amendment- The table of sections for subpart D of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following: `Sec. 45R. Employee health insurance expenses of small employers.'. ”