HR 420
115th Congress
House
Taxation
Business investment and capital
Corporate finance and management
Income tax deductions
Small business
Promote Startups Act of 2017
Introduced: January 10, 2017
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 10, 2017
Referred to the House Committee on Ways and Means.
Jan 10, 2017
Introduced in House
Plain-English summary
Promote Startups Act of 2017
This bill amends the Internal Revenue Code to increase the maximum tax deduction for business start-up expenditures from $5,000 to $15,000 and to increase the deduction for the organizational expenditures of corporations from $5,000 to $10,000. The bill also increases the ceilings for such expenditures over which the amount of the tax deduction is reduced.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1