Support Our Start-Ups Act
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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.
Read twice and referred to the Committee on Finance.
- Introduced in Senate Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). S. 1984: Support Our Start-Ups Act. 115th Congress. Open America. https://openamerica.io/bill/115-S-1984/
"S. 1984: Support Our Start-Ups Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-1984/.
S. 1984, 115th Cong. (2026), https://openamerica.io/bill/115-S-1984/.
[S. 1984: Support Our Start-Ups Act](https://openamerica.io/bill/115-S-1984/)