HR 1730
112th Congress
House
Taxation
Business investment and capital
Employee benefits and pensions
Income tax exclusion
Small business
Small Business Start-up Savings Accounts Act of 2011
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 4, 2011
Referred to the House Committee on Ways and Means.
May 4, 2011
Introduced in House
Plain-English summary
Small Business Start-up Savings Accounts Act of 2011- Amends the Internal Revenue Code to provide for tax-exempt Small Business Start-up Savings Accounts to pay for trade or business expenses, including the purchase of equipment or facilities, marketing, training, incorporation, and accounting fees. Allows annual contributions to such accounts up to $10,000. Sets forth rules for the tax treatment of contributions to and rollovers from such accounts, similar to rules governing individual retirement accounts (IRAs).
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1