U.S. Congress - S.555 SIMPLE Cafeteria Plan Act of 2007
S.555 - SIMPLE Cafeteria Plan Act of 2007
A bill to amend the Internal Revenue Code of 1986 to allow small businesses to set up simple cafeteria plans to provide nontaxable employee benefits to their employees, to make changes in the requirements for cafeteria plans, flexible spending accounts, and benefits provided under such plans or accounts, and for other purposes. view all titles (2)
All Bill Titles
- Short: SIMPLE Cafeteria Plan Act of 2007 as introduced.
- Official: A bill to amend the Internal Revenue Code of 1986 to allow small businesses to set up simple cafeteria plans to provide nontaxable employee benefits to their employees, to make changes in the requirements for cafeteria plans, flexible spending accounts, and benefits provided under such plans or accounts, and for other purposes. as introduced.
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These kinds of plans can be a source of tax savings for some people. More importantly, they help a family budget and save for health care expenses. Big employers have these plans, so why shouldn't small businesses?