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- H.R.5783
H.R.5783: Small Business Start-up Savings Accounts Act of 2016
About This Bill
- Introduced July 14, 2016
- Latest Major Action July 14, 2016
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Small Business Start-up Savings Accounts Act of 2016 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...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
| Date | Description |
|---|---|
| July 14, 2016 |
Referred to the House Committee on Ways and Means.
|
| July 14, 2016 |
Introduced in the House by Terri Sewell (D-Ala.) |