1. Short title This Act may be cited as the Small Business Start-up Savings Accounts Act of 2019 . 2. Establishment of Small Business Start-Up Savings Accounts (a) In general Chapter 77 of the Internal Revenue Code of 1986 is amended by adding at the end the following new section: 7530. Small Business Start-Up Savings Accounts (a) In general An individual or an eligible small business may establish a small business start-up savings account. (b) Small business start-Up savings account For purposes of this section, the term small business start-up savings account means a trust created or organized in the United States for the benefit of the account beneficiary, but only if the written governing instrument creating the trust meets the following requirements: (1) Except as provided in subsection (d)(3) in the case of a rollover contribution, no contribution will be accepted unless it is in cash, and contributions will not be accepted for the taxable year on behalf of any account beneficiary in excess of the amount in effect for such taxable year under subsection (d)(2). (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 interest of an individual in the balance of his account is nonforfeitable. (5) The assets of the trust will not be commingled with other property except in a common trust fund or common investment fund. (c) Eligible small business For purposes of this section, the term eligible small business means, with respect to any taxable year, any person engaged in a trade or business if the average number of employees employed by such person on business days during the taxable year was 500 or fewer. (d) Treatment of contributions (1) In general There shall be allowed as a deduction for the taxable year an amount equal to