H.R. 1730 (112th): Small Business Start-up Savings Accounts Act of 2011

Introduced:
May 04, 2011 (112th Congress, 2011–2013)
Status:
Died (Referred to Committee)
Sponsor
Terri Sewell
Representative for Alabama's 7th congressional district
Party
Democrat
Text
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Last Updated
May 04, 2011
Length
10 pages
Related Bills
H.R. 1323 (113th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Mar 21, 2013

H.R. 1180 (Related)
Small Business Start-up Savings Accounts Act of 2011

Referred to Committee
Last Action: Mar 17, 2011

 
Status

This bill was introduced on May 4, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced May 04, 2011
Referred to Committee May 04, 2011
 
Full Title

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

Summary

No summaries available.

Cosponsors
8 cosponsors (8D) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


5/4/2011--Introduced.
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).

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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