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HR 1323 113th Congress House Taxation Business investment and capital Employee benefits and pensions Income tax exclusion Small business

Small Business Start-up Savings Accounts Act of 2013

Introduced: March 21, 2013 Introduced by: Sewell, Terri A. Democratic · Alabama See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 21, 2013
Referred to the House Committee on Ways and Means.
Mar 21, 2013
Introduced in House
 Plain-English summary Congressional Research Service

Small Business Start-up Savings Accounts Act of 2013 - 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 March 21, 2013

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1