Small Business Start-up Savings Accounts Act of 2015
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (May 7, 2015)
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).
What just happenedMay 7, 2015
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateMay 7, 2015
- May 7, 2015IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - May 7, 2015IntroReferral10000
Introduced in Senate