An Act to Create the Small Business Capital Savings Account Program

Where it is in the process

Plain-English Summary

This bill creates the Small Business Capital Savings Account Program, allowing certain small businesses in farming, fishing, or forestry to deduct contributions made to special savings accounts. These accounts are for capital expenditures, and withdrawals not used for this purpose will be taxed. Contributions can be made between January 1, 2026, and December 31, 2029.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

Votes

Sponsorship · 10 Sponsors

Democrat3Republican6Independent1Other0

R · PrimeHarold Stewart
D · CoJoseph Baldacci
R · CoSusan Bernard
R · CoBruce Bickford
R · CoWilliam Faulkingham
R · CoTimothy Guerrette
R · CoRandall Hall
D · CoCraig Hickman
I · CoWilliam Pluecker
D · CoRachel Talbot Ross

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