Skip to main content
HR 929 115th Congress House Taxation Business investment and capital Employee benefits and pensions Income tax exclusion Small business

Small Business Start-up Savings Accounts Act of 2017

Introduced: February 7, 2017 Introduced by: Sewell, Terri A. Democratic · Alabama See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 7, 2017
Introduced in House
Feb 7, 2017
Referred to the House Committee on Ways and Means.
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Small Business Start-up Savings Accounts Act of 2017

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 2018. 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.

What's happening now February 7, 2017

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 929: Small Business Start-up Savings Accounts Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-929/
MLA
"H.R. 929: Small Business Start-up Savings Accounts Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-929/.
Bluebook (legal)
H.R. 929, 115th Cong. (2026), https://openamerica.io/bill/115-HR-929/.
Markdown link
[H.R. 929: Small Business Start-up Savings Accounts Act of 2017](https://openamerica.io/bill/115-HR-929/)
Report a problem