HOUSE 420115th CongressReferred to the House Committee on Ways and Means.
Promote Startups Act of 2017
- Last Action
- 1/10/2017
Actions
- 2017-01-10Referred to the House Committee on Ways and Means.
- 2017-01-10Introduced in House
- 2017-01-10Introduced in House
CRS Summary
As of 2017-01-10 (00)
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.
Cosponsors (2)
- Carol Shea-Porter (D-NH)
- Yvette Clarke (D-NY)
Subjects
- Business investment and capital
- Corporate finance and management
- Income tax deductions
- Small business
Sourced from Congress.gov (public domain).
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