US HB2614 | 2011-2012 | 112th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on July 21 2011 - 25% progression, died in committee
Action: 2011-07-21 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 21 2011 - 25% progression, died in committee
Action: 2011-07-21 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Entrepreneurship Tax Cut Act of 2011 - Amends the Internal Revenue Code to exclude from gross income amounts distributed from tax-exempt retirement plans, health savings accounts, Roth individual retirement accounts (IRAs), and qualified tuition programs to acquire an ownership interest (at least 40%) in an entity in connection with beginning an active trade or business.
Title
Entrepreneurship Tax Cut Act of 2011
Sponsors
Rep. Ron Paul [R-TX] | Rep. Jared Polis [D-CO] |
History
Date | Chamber | Action |
---|---|---|
2011-07-21 | House | Referred to the House Committee on Ways and Means. |
2011-07-21 | House | Sponsor introductory remarks on measure. (CR E1384) |
Subjects
Business investment and capital
Capital gains tax
Employee benefits and pensions
Income tax exclusion
Small business
Taxation
Capital gains tax
Employee benefits and pensions
Income tax exclusion
Small business
Taxation
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/112th-congress/house-bill/2614/all-info |
Text | https://www.congress.gov/112/bills/hr2614/BILLS-112hr2614ih.pdf |