To amend the Internal Revenue Code of 1986 to provide for a microemployer pension plan startup credit, to permit the assignment of small business pension plan startup credits, and for other purposes.
About This Bill
Committee
Latest Action · May 14, 2026
Referred to the House Committee on Ways and Means.
The RISE Act amends tax law to encourage small businesses to establish retirement pension plans by expanding tax credits available to employers and allowing certain service providers to claim credits instead. For very small businesses with ten or fewer employees, the bill doubles the existing startup tax credit from fifty percent to one hundred percent and raises the maximum credit amount from five hundred dollars to twenty-five hundred dollars. The bill also creates a new tax credit for service providers like financial advisors and consultants who help set up pension plans, allowing them to claim the startup credit that the employer would otherwise receive, provided they reduce their fees to the employer by the credit amount. Both provisions take effect for tax years beginning after December 31, 2026. The legislation aims to reduce the cost and complexity of establishing retirement plans for small employers by directing tax credits toward the service providers who facilitate plan creation.
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