HR 3231
112th Congress
House
Taxation
Business investment and capital
Income tax deductions
Small business
To amend the Internal Revenue Code of 1986 to increase the amount allowed as a deduction for start-up expenditures.
Introduced: October 14, 2011
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 14, 2011
Referred to the House Committee on Ways and Means.
Oct 14, 2011
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to increase the tax deduction for the start-up expenditures of an active trade or business from $5,000 to $20,000 in taxable years beginning in 2011 through 2014.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1