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- S.364
S.364: A bill to amend the Internal Revenue Code of 1986 to establish a new Small Business Savings Account.
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about congress
- Introduced Feb. 16, 2011
- Latest Major Action Feb. 16, 2011
Bill Sponsor
Bill Cosponsors
3 (2 Democrats, 1 Republican)
Bill Summary
Amends the Internal Revenue Code to provide for tax preferred Small Business 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...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| Feb. 16, 2011 |
Introduced in the Senate by Mark Pryor (D-Ark.) |