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HR 2614 112th Congress House

Entrepreneurship Tax Cut Act of 2011

Official title: To amend the Internal Revenue Code of 1986 to allow distributions from retirement accounts to start a business.

Introduced: July 21, 2011 See on congress.gov
Taxation Business investment and capitalCapital gains taxEmployee benefits and pensionsIncome tax exclusionSmall business
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 21, 2011
Sponsor introductory remarks on measure. (CR E1384)
Jul 21, 2011
Introduced in House
Jul 21, 2011
Referred to the House Committee on Ways and Means.
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 Latest action July 21, 2011

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Entrepreneurship Tax Cut Act of 2011 - Amends the Internal Revenue Code to exclude from gross income amounts distributed from tax-exempt retirement plans, health savings accounts, Roth individual retirement accounts (IRAs), and qualified tuition programs to acquire an ownership interest (at least 40%) in an entity in connection with beginning an active trade or business.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 2614: Entrepreneurship Tax Cut Act of 2011. 112th Congress. Open America. https://openamerica.io/bill/112-HR-2614/
MLA
"H.R. 2614: Entrepreneurship Tax Cut Act of 2011." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-2614/.
Bluebook (legal)
H.R. 2614, 112th Cong. (2026), https://openamerica.io/bill/112-HR-2614/.
Markdown link
[H.R. 2614: Entrepreneurship Tax Cut Act of 2011](https://openamerica.io/bill/112-HR-2614/)
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