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H.R. 1323

Small Business Start-up Savings Accounts Act of 2013

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).

Referred to the House Committee on Ways and Means.

Rep. Sewell, Terri A. [D-AL-7](D-AL)Sponsor
4 cosponsors4 D
4cosponsors1committees3actions4subjects
  • Introduced in HouseMar 21, 2013
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

Small Business Start-up Savings Accounts Act of 2013 — Informed