I 112th CONGRESS 1st Session H. R. 2739 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.

1.

Short title

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

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.