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- S.1984
S.1984: Support Our Start-Ups Act
About This Bill
- Introduced Oct. 19, 2017
- Latest Major Action Oct. 19, 2017
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in Senate - Oct. 19, 2017
Bill Summary
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...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Oct. 19, 2017 |
Read twice and referred to the Committee on Finance.
|
Oct. 19, 2017 |
Introduced in the Senate by Tammy Baldwin (D-Wis.) |