3.0.0 111 2023-01-11T13:34:39Z 2023-01-11T13:34:39Z House HR 2017-01-03 115 [Congressional Record Volume 163, Number 1 (Tuesday, January 3, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BUCHANAN:H.R. 111.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the U.S. Constitution.[Page H49]]]> hswm00 Ways and Means Committee House Standing Referred to 2017-01-03T17:04:50Z Support Our Start-Ups Act 115 1984 S 2017-10-19 Read twice and referred to the Committee on Finance. Identical bill CRS American Innovation Act of 2018 115 6756 HR 2018-09-28 Received in the Senate and Read twice and referred to the Committee on Finance. Related bill CRS 2017-01-03 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-01-03 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-01-03 Introduced in House IntroReferral 1000 9 Library of Congress B001260 Rep. Buchanan, Vern [R-FL-16] Vern Buchanan R FL 16 N R000586 Rep. Renacci, James B. [R-OH-16] James Renacci R OH B. 16 2017-01-03 True D000600 Rep. Diaz-Balart, Mario [R-FL-25] Mario Diaz-Balart R FL 25 2017-01-03 True K000188 Rep. Kind, Ron [D-WI-3] RON KIND D WI 3 2017-01-05 False S001187 Rep. Stivers, Steve [R-OH-15] Steve Stivers R OH 15 2017-02-27 False C001107 Rep. Curbelo, Carlos [R-FL-26] Carlos Curbelo R FL 26 2017-04-03 False Taxation Business investment and capital Income tax deductions Small business Taxation 00 2017-01-03 Introduced in House 2017-01-10T14:48:21Z 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.

]]> Support Our Start-Ups Act Display Title Support Our Start-Ups Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to increase the limitations for deductible new business expenditures and to consolidate provisions for start-up and organizational expenditures. Introduced in House IH Short Titles as Introduced Support Our Start-Ups Act Introduced in House 2017-01-03T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr111ih/xml/BILLS-115hr111ih.xml 2017-01-03 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.