US SB2365

Extends the small employer pension plan startup costs credit (Section 45E) and retirement auto-enrollment credit (Section 45T) to tax-exempt organizations described in Section 501(c)

Allows eligible nonprofit employers to claim these credits against their payroll taxes (Social Security taxes under Section 3111) rather than income taxes, since nonprofits have no income tax liability

Caps the credit at the lesser of the calculated credit amount or the employer's payroll tax liability for the calendar year

Appropriates funds to the Federal Old-Age and Survivors Trust Fund and Federal Disability Insurance Trust Fund to offset revenue reductions caused by the payroll tax credits

Applies to taxable years beginning after December 31, 2024