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S 364 112th Congress Senate

A bill to amend the Internal Revenue Code of 1986 to establish a new Small Business Savings Account.

Introduced: September 6, 2011 See on congress.gov
Taxation Business investment and capitalEmployee 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 16, 2011
Read twice and referred to the Committee on Finance.
Feb 16, 2011
Introduced in Senate
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 Latest action February 16, 2011

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to provide for tax preferred Small Business Savings Accounts to pay for trade or business expenses, including operating capital, 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).

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Gillibrand, Kirsten E.
New York · Sep 6, 2011
Cite this page click to expand
APA
U.S. Congress. (2026). S. 364: A bill to amend the Internal Revenue Code of 1986 to establish a new Small Business Savings Account.. 112th Congress. Open America. https://openamerica.io/bill/112-S-364/
MLA
"S. 364: A bill to amend the Internal Revenue Code of 1986 to establish a new Small Business Savings Account.." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-S-364/.
Bluebook (legal)
S. 364, 112th Cong. (2026), https://openamerica.io/bill/112-S-364/.
Markdown link
[S. 364: A bill to amend the Internal Revenue Code of 1986 to establish a new Small Business Savings Account.](https://openamerica.io/bill/112-S-364/)
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