US HB253 | 2015-2016 | 114th Congress
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on January 9 2015 - 25% progression, died in committee
Action: 2015-01-09 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 9 2015 - 25% progression, died in committee
Action: 2015-01-09 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Incentivize Growth Now In Tomorrow's Entrepreneurs Act of 2015 This bill creates tax-exempt small business start-up accounts to pay for the start-up expenses (defined as expenses for investigating the creation or acquisition of an active trade or business) of a business that does not employ more than 50 full-time employees during a taxable year. Cash contributions to such accounts are allowed up to the lesser of $10,000 or the amount of compensation includible in the taxpayer's gross income for the taxable year.
Title
Incentivize Growth Now In Tomorrow's Entrepreneurs Act of 2015
Sponsors
Rep. Michael Honda [D-CA] | Rep. Jose Serrano [D-NY] |
History
Date | Chamber | Action |
---|---|---|
2015-01-09 | House | Referred to the House Committee on Ways and Means. |
2015-01-09 | House | Introduced in House |
Subjects
Bank accounts, deposits, capital
Business investment and capital
Income tax exclusion
Small business
Taxation
Business investment and capital
Income tax exclusion
Small business
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/114th-congress/house-bill/253/all-info |
Text | https://www.congress.gov/114/bills/hr253/BILLS-114hr253ih.pdf |