To amend the Internal Revenue Code of 1986 to allow distributions from retirement accounts to start a business.
Entrepreneurship Tax Cut Act of 2011 - Amends the Internal Revenue Code to exclude from gross income amounts distributed from tax-exempt retirement plans, health savings accounts, Roth individual retirement accounts (IRAs), and qualified tuition programs to acquire an ownership interest (at least 40%) in an entity in connection with beginning an active trade or business.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E1384)
Referred to the House Committee on Ways and Means.
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