1. Short title This Act may be cited as the Incentivize Growth Now In Tomorrow’s Entrepreneurs Act of 2017 . 2. Small Business Start-Up Savings Accounts (a) In general Subchapter F of chapter 1 of the Internal Revenue Code of 1986 is amended by adding at the end the following new part: IX Small Business Start-Up Savings Accounts Sec. 530A. Small Business Start-Up Savings Accounts. 530A. Small Business Start-up Savings Accounts (a) General Rule A small business start-up savings account shall be exempt from taxation under this subtitle. Notwithstanding the preceding sentence, the small business start-up savings account shall be subject to the taxes imposed by section 511 (relating to imposition of tax on unrelated business income of charitable organizations). (b) Small Business Start-Up Savings Account The term small business start-up savings account means a trust created or organized in the United States exclusively for the purpose of making qualified start-up expenditures of the individual who is the designated beneficiary of the trust (and designated as a small business start-up savings account at the time created or organized), but only if the written governing instrument creating the trust meets the following requirements: (1) Except in the case of a rollover contribution described in subsection (d)(4), no contribution will be accepted unless it is in cash, and contributions will not be accepted if such contribution would result in aggregate contributions for the taxable year not exceeding the lesser of— (A) $10,000, or (B) an amount equal to the compensation (as defined in section 219(f)(1)) includible in the individual’s gross income for such taxable year. (2) The trustee is a bank (as defined in section 408(n)) or such other person who demonstrates to the satisfaction of the Secretary that the manner in which such other person will administer the trust will be consistent with the requirements of this section. (3) No part of the trust funds will be invested in life insurance contracts. (4) The assets of the