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H.R. 420 115th Congress House

Promote Startups Act of 2017

Official title: To amend the Internal Revenue Code of 1986 to permanently increase the limitations on the deduction for start-up and organizational expenditures.

Introduced: June 7, 2017 See on congress.gov
Taxation Business investment and capitalCorporate finance and managementIncome tax deductionsSmall business
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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
Jan 10, 2017
Referred to the House Committee on Ways and Means.
Jan 10, 2017
Introduced in House
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 Latest action January 10, 2017

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 1
  • HR 5164 Urban Progress Act of 2018
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Clarke, Yvette D.
New York · Jun 7, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 420: Promote Startups Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-420/
MLA
"H.R. 420: Promote Startups Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-420/.
Bluebook (legal)
H.R. 420, 115th Cong. (2026), https://openamerica.io/bill/115-HR-420/.
Markdown link
[H.R. 420: Promote Startups Act of 2017](https://openamerica.io/bill/115-HR-420/)
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