US Congress Senate Bill 1262 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on May 7 2015 - 25% progression, died in committee
Action: 2015-05-07 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

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).

Small Business Start-up Savings Accounts Act of 2015

Sen. Mazie Hirono [D-HI]

Date	Chamber	Action
2015-05-07	Senate	Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/1262/all-info
Text	https://www.congress.gov/114/bills/s1262/BILLS-114s1262is.pdf