Small Business Emergency Savings Accounts Act of 2023
United States118th CongressHR-313House of Representatives
Updated: Jan 12, 2023
Summary
Small Business Emergency Savings Accounts Act of 2023 This bill allows a new tax deduction from gross income for amounts paid into a small business emergency savings account. Such savings accounts are established exclusively to pay the qualified disaster and public health emergency expenses of the account beneficiary. The bill defines qualified disaster and public health emergency expenses as disaster loss replacement expenses, disaster recovery operations expenses, and public health emergency expenses.
Bill texts
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Timeline
Referred to the House Committee on Ways and Means.
House of Representatives
Introduced in House
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