Small Business Start-up Savings Accounts Act of 2017

Summary

Small Business Start-up Savings Accounts Act of 201 7 This bill amends the Internal Revenue Code to provide for tax-preferred 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. The bill allows annual nondeductible contributions to such accounts of up to $10,000, subject to a $150,000 limit on total contributions to the account and adjustments for inflation after 2018. The bill sets forth rules for the tax treatment of contributions to and rollovers or distributions from the accounts, similar to rules governing individual retirement accounts (IRAs). Qualified distributions from the accounts are excluded from gross income.

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Timeline

1. 7 February 2017

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 7 February 2017

   Introduced

   Introduced in House

   Source: IntroReferral

3. 7 February 2017

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 7 February 2017 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 7 February 2017

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 7 February 2017

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 7 February 2017

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Sewell, Terri A. [D-AL-7] · D · Sponsor
• Rep. Cicilline, David N. [D-RI-1] · D · Sponsor
• Rep. Shea-Porter, Carol [D-NH-1] · D · Sponsor
• · hswm00 · Standing

Related records

• related to ← Small Business Start-up Savings Accounts Act of 2016