H.R.253: Incentivize Growth Now In Tomorrow's Entrepreneurs Act of 2015

About This Bill

Bill Summary

Incentivize Growth Now In Tomorrow's Entrepreneurs Act of 2015 This bill creates tax-exempt small business start-up accounts to pay for the start-up expenses (defined as expenses for investigating the creation or acquisition of an active trade or business) of a business that does not employ more than 50 full-time employees during a taxable year. Cash contributions to such accounts are allowed up to the lesser of $10,000 or the amount of...

(Source: Library of Congress)

Bill Actions

Date Description
Jan. 9, 2015
Referred to the House Committee on Ways and Means.
Jan. 9, 2015

Introduced in the House by Michael M. Honda (D-Calif.)

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