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House passes SB109 to create voluntary small-employer retirement program, offer tax credits

Utah House of Representatives · March 8, 2017
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Summary

The House approved a substitute of SB109 to establish a voluntary Utah small-employer retirement account program, including a nonrefundable employer tax credit and a requirement that participating employees contribute at least $10 per pay period.

The Utah House passed a substitute of Senate Bill 109 to authorize a voluntary retirement program for small employers and create tax incentives to encourage participation.

Representative Frower, the House sponsor, said the program authorizes the state treasurer…

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