A bill to amend the Internal Revenue Code of 1986 to establish a new Small Business Startup Savings Account.

Summary

Amends the Internal Revenue Code to provide for tax preferred Small Business Startup Savings Accounts to pay for trade or business expenses, including operating capital, 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).

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Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 4 February 2010

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 4 February 2010

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 4 February 2010

  Open at official source

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