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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      House Committee on Ways and Means
    IntroducedDecember 15th, 2009

Bill Details

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Title

Small Business Start-up Savings Accounts Act of 2009

Official Title

To amend the Internal Revenue Code of 1986 to establish tax-preferred Small Business Start-up Savings Accounts.

Summary

Small Business Start-up Savings Accounts Act of 2009 - 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).