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S 2841 116th Congress Senate Taxation Business expenses Business investment and capital Corporate finance and management Income tax deductions Inflation and prices Small business

Support Our Start-Ups Act

Introduced: November 13, 2019 Introduced by: Baldwin, Tammy Democratic · Wisconsin See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Nov 13, 2019
Read twice and referred to the Committee on Finance.
Nov 13, 2019
Introduced in Senate
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 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.

What's happening now November 13, 2019

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 7505 Related bill American Innovation Act of 2020
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Hoeven, John
North Dakota · Nov 13, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2841: Support Our Start-Ups Act. 116th Congress. Open America. https://openamerica.io/bill/116-S-2841/
MLA
"S. 2841: Support Our Start-Ups Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-2841/.
Bluebook (legal)
S. 2841, 116th Cong. (2026), https://openamerica.io/bill/116-S-2841/.
Markdown link
[S. 2841: Support Our Start-Ups Act](https://openamerica.io/bill/116-S-2841/)
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