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H.R. 1730

BillFederalHouseIn Committee
Small Business Start-up Savings Accounts Act of 2011
About This Bill
Committee
Latest Action · May 4, 2011
Referred to the House Committee on Ways and Means.
Congress
112th (2011–2013)
Introduced
May 4, 2011
Cosponsors (8)
8D 0R
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Summary

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Small Business Start-up Savings Accounts Act of 2011- 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).

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