[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7236 Introduced in House (IH)]







110th CONGRESS
  2d Session
                                H. R. 7236

 To amend the Internal Revenue Code of 1986 to increase the deduction 
       for business start-up expenditures from $5,000 to $10,000.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           September 29, 2008

  Ms. Shea-Porter (for herself, Mrs. Boyda of Kansas, Mr. Weiner, Ms. 
 Bean, and Mr. Ryan of Ohio) introduced the following bill; which was 
              referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to increase the deduction 
       for business start-up expenditures from $5,000 to $10,000.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Small Business Start-Up Support Act 
of 2008''.

SEC. 2. INCREASED DEDUCTION FOR BUSINESS START-UP EXPENDITURES.

    (a) In General.--Clause (ii) of section 195(b)(1)(A) of the 
Internal Revenue Code of 1986 (relating to start-up expenditures) is 
amended by striking ``$5,000'' and inserting ``$10,000''.
    (b) Effective Date.--The amendment made by this section shall apply 
to active trades or businesses beginning after the date of the 
enactment of this Act in taxable years ending after such date.
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