[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1552 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 1552

   To amend the Internal Revenue Code of 1986 to increase the amount 
           allowed as a deduction for start-up expenditures.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 17, 2009

   Mr. Kratovil (for himself and Mr. Lee of New York) 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 amount 
           allowed as a deduction for start-up expenditures.

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

SECTION 1. INCREASE IN AMOUNT ALLOWED AS DEDUCTION FOR START-UP 
              EXPENDITURES.

    (a) In General.--Subsection (b) of section 195 of the Internal 
Revenue Code of 1986 is amended by adding at the end the following:
            ``(3) Special rule for taxable years beginning in 2009, 
        2010, or 2011.--In the case of a taxable year beginning in 
        2009, 2010, or 2011, paragraph (1)(A)(ii) shall be applied--
                    ``(A) by substituting `$20,000' for `$5,000', and
                    ``(B) by substituting `$75,000' for `$50,000'.''.
    (b) Effective Date.--The amendments made by this section shall 
apply to amounts paid or incurred in taxable years beginning after the 
date of the enactment of this Act.
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