[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2739 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 2739

 To amend the Internal Revenue Code of 1986 to extend for one year the 
             increased deduction for start-up expenditures.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             August 1, 2011

   Mr. Connolly of Virginia 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 extend for one year the 
             increased 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. SHORT TITLE.

    This Act may be cited as the ``Jump Start American Small Business 
Innovation Act of 2011''.

SEC. 2. EXTENSION OF INCREASED DEDUCTION FOR START-UP EXPENDITURES.

    (a) In General.--Paragraph (3) of section 195(b) of the Internal 
Revenue Code of 1986 is amended--
            (1) in the text by striking ``2010'' and inserting ``2010 
        or 2011'', and
            (2) in the heading by striking ``2010'' and inserting 
        ``2010 or 2011''.
    (b) Effective Date.--The amendment made by this section shall apply 
to amounts paid or incurred in taxable years beginning after December 
31, 2010.
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