Small Business Start-up Savings Accounts Act of 2013

HB 1323 Small Business Start up Savings Accounts Act of 2013

US Congress 113th Congress

Small Business Start-up Savings Accounts Act of 2013
HB-1323


About HB-1323

Small Business Start-up Savings Accounts Act of 2013 - Amends the Internal Revenue Code to provide for tax-exempt 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. 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).

  

Bill Texts

Introduced 03/26/2013

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History

Referred To The House Committee On Ways And Means.

03/21/2013