110 HR 7236 IH: Small Business Start-Up Support Act of U.S. House of Representatives 2008-09-29 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.

I 110th CONGRESS 2d Session H. R. 7236 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.

1.

Short title

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

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.