US Congress House Bill 253 (Prior Session Legislation)

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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]

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.

Incentivize Growth Now In Tomorrow's Entrepreneurs Act of 2015

Rep. Michael Honda [D-CA]

Rep. Jose Serrano [D-NY]

Date	Chamber	Action
2015-01-09	House	Referred to the House Committee on Ways and Means.
2015-01-09	House	Introduced in House

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