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S 1262 114th Congress Senate

Small Business Start-up Savings Accounts Act of 2015

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

Introduced: May 7, 2015 Introduced by: Hirono, Mazie K. Democratic · Hawaii 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
May 7, 2015
Read twice and referred to the Committee on Finance.
May 7, 2015
Introduced in Senate
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 Latest action May 7, 2015

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Small Business Start-up Savings Accounts Act of 2015

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).

 Related & companion bills 1
  • HR 5783 Related bill Small Business Start-up Savings Accounts Act of 2016
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 1262: Small Business Start-up Savings Accounts Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-S-1262/
MLA
"S. 1262: Small Business Start-up Savings Accounts Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-1262/.
Bluebook (legal)
S. 1262, 114th Cong. (2026), https://openamerica.io/bill/114-S-1262/.
Markdown link
[S. 1262: Small Business Start-up Savings Accounts Act of 2015](https://openamerica.io/bill/114-S-1262/)
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