3.0.0 2558 2023-01-11T13:24:45Z 2023-01-11T13:24:45Z House H HR 2013-06-27 113 [Pages H4144-H4145]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MAFFEI:H.R. 2558.Congress has the power to enact this legislation pursuantto the following:[[Page H4145]]Clause 1, Section 8 of Article I of the United StatesConstitution which reads: ``The Congress shall have Power tolay and collect Taxes, Duties, Imposts, and Excises, to paythe Debts, and provide for the common Defense and GeneralWelfare of the United States; but all Duties and Imposts andExcises shall be uniform throughout the United States.'']]> hswm00 Ways and Means Committee House Standing Referred to 2013-06-27T14:02:10Z 113 2724 S 2014-07-31 Read twice and referred to the Committee on Finance. Related bill CRS 2013-06-27 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2013-06-27 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-06-27 Introduced in House IntroReferral 1000 9 Library of Congress M001171 Rep. Maffei, Daniel B. [D-NY-24] Daniel Maffei D NY B. 24 N Taxation Bank accounts, deposits, capital Business investment and capital Income tax exclusion Small business Taxation

00 2013-06-27 Introduced in House 2013-07-23T19:51:51Z Incentivize Growth Now In Tomorrow's Entrepreneurs Act of 2013 - Amends the Internal Revenue Code to establish tax-exempt small business start-up accounts to provide for expenditures related to the creation or acquisition of an active trade or business. Limits the annual amount that may be contributed to such accounts to the lesser of $10,000 or the taxpayer's compensation that is includible in gross income. Sets forth reporting requirements for the trustee of a small business start-up account. Makes the tax penalties for prohibited transactions and excess contributions applicable to small business start-up savings accounts.

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Display Title Official Title as Introduced Introduced in House IH Short Titles as Introduced Introduced in House 2013-06-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr2558ih/xml/BILLS-113hr2558ih.xml 2013-06-27 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.