HR 1552
111th Congress
House
Taxation
Business investment and capital
Income tax deductions
To amend the Internal Revenue Code of 1986 to increase the amount allowed as a deduction for start-up expenditures.
Introduced: March 17, 2009
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 17, 2009
Referred to the House Committee on Ways and Means.
Mar 17, 2009
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to increase in taxable years beginning in 2009, 2010, or 2011: (1) the limit on the tax deduction for trade or business start-up expenditures from $5,000 to $20,000; and (2) the threshold amount for reducing such limit.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1