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HR 5783 114th Congress House

Small Business Start-up Savings Accounts Act of 2016

Official title: To amend the Internal Revenue Code of 1986 to establish tax-preferred Small Business Start-up Savings Accounts.

Introduced: July 14, 2016 Introduced by: Sewell, Terri A. Democratic · Alabama See on congress.gov
Taxation Business investment and capitalEmployee benefits and pensionsIncome tax exclusionSmall business
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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
Jul 14, 2016
Referred to the House Committee on Ways and Means.
Jul 14, 2016
Introduced in House
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 Latest action July 14, 2016

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Small Business Start-up Savings Accounts Act of 2016

This bill amends the Internal Revenue Code to provide for tax-preferred 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. The bill allows annual nondeductible contributions to such accounts of up to $10,000, subject to a $150,000 limit on total contributions to the account and adjustments for inflation after 2017. The bill sets forth rules for the tax treatment of contributions to and rollovers or distributions from the accounts, similar to rules governing individual retirement accounts (IRAs). Qualified distributions from the accounts are excluded from gross income.

 Related & companion bills 1
  • S 1262 Related bill Small Business Start-up Savings Accounts Act of 2015
 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. 5783: Small Business Start-up Savings Accounts Act of 2016. 114th Congress. Open America. https://openamerica.io/bill/114-HR-5783/
MLA
"H.R. 5783: Small Business Start-up Savings Accounts Act of 2016." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-5783/.
Bluebook (legal)
H.R. 5783, 114th Cong. (2026), https://openamerica.io/bill/114-HR-5783/.
Markdown link
[H.R. 5783: Small Business Start-up Savings Accounts Act of 2016](https://openamerica.io/bill/114-HR-5783/)
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