H.R. 253 · 114th Congress
Incentivize Growth Now In Tomorrow's Entrepreneurs Act of 2015
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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
HondaSponsor1 cosponsor · 1 D
0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Incentivize Growth Now In Tomorrow's Entrepreneurs Act of 2015
What it does: CRS summary · Introduced in House · Jan 9, 2015
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 compensation includible in the taxpayer's gross income for the taxable year.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Incentivize Growth Now In Tomorrow's Entrepreneurs Act of 2015
Latest action (Jan 9, 2015): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Jan 9, 2015
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.