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HR 2524 114th Congress House

Support Our Start-Ups Act

Official title: To amend the Internal Revenue Code of 1986 to increase the limitations for deductible new business expenditures and to consolidate provisions for start-up and organizational expenditures.

Introduced: May 21, 2015 Introduced by: Buchanan, Vern Republican · Florida See on congress.gov
Taxation Business investment and capitalIncome tax deductionsSmall business
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 21, 2015
Referred to the House Committee on Ways and Means.
May 21, 2015
Introduced in House
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 Latest action May 21, 2015

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Support Our Start-Ups Act

This bill amends the Internal Revenue Code to extend the tax deduction for new business expenditures to organizational expenditures, generally defined as expenditures incident to the creation of a corporation or a partnership.

The bill also increases the maximum deduction amount for start-up and organizational expenditures from $5,000 to $20,000 and increases from $50,000 to $120,000 the threshold amount after which the maximum deduction amount for such expenditures is reduced.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 7
All 7 Democratic 3 Republican 3
R
Young, Todd
Indiana · Jun 18, 2015
 R
Diaz-Balart, Mario
Florida · Jun 10, 2015
 R
Kelly, Mike
Pennsylvania · May 21, 2015
 D
Neal, Richard E.
Massachusetts · May 21, 2015
 D
Sánchez, Linda T.
California · May 21, 2015
 D
Thompson, Mike
California · May 21, 2015
TIBERI, PATRICK
· May 21, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2524: Support Our Start-Ups Act. 114th Congress. Open America. https://openamerica.io/bill/114-HR-2524/
MLA
"H.R. 2524: Support Our Start-Ups Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-2524/.
Bluebook (legal)
H.R. 2524, 114th Cong. (2026), https://openamerica.io/bill/114-HR-2524/.
Markdown link
[H.R. 2524: Support Our Start-Ups Act](https://openamerica.io/bill/114-HR-2524/)
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