Nonpartisan civic infrastructure
AllCiv·Legis1
·

S. 1262

BillFederalSenateIn Committee
Small Business Start-up Savings Accounts Act of 2015
About This Bill
Committee
Latest Action · May 7, 2015
Read twice and referred to the Committee on Finance.
Congress
114th (2015–2017)
Introduced
May 7, 2015
Cosponsors (0)
None
View PDF ↗

Summary

Highlight any text to annotate
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).

Take Action

Your position
Add a comment
to comment on this bill.
Annotate the text
Highlight any passage on the Summary or Full Text tab to attach a note. Annotations appear on the Annotations tab.