[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4032 Introduced in House (IH)]

112th CONGRESS
  2d Session
                                H. R. 4032

 To amend the Internal Revenue Code of 1986 to make permanent the 2010 
          increase in the deduction for start-up expenditures.


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                    IN THE HOUSE OF REPRESENTATIVES

                           February 15, 2012

    Mr. Johnson of Georgia (for himself, Mr. Lewis of Georgia, Mr. 
McDermott, and 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 make permanent the 2010 
          increase in the 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 ``Help Entrepreneurs Create American 
Jobs Act of 2012''.

SEC. 2. INCREASE IN DEDUCTION FOR START-UP EXPENSES MADE PERMANENT.

    (a) In General.--Clause (ii) of section 195(b)(1)(A) of the 
Internal Revenue Code of 1986 is amended--
            (1) by striking ``$5,000'' and inserting ``$10,000'', and
            (2) by striking ``$50,000'' and inserting ``$60,000''.
    (b) Conforming Amendment.--Subsection (b) of section 195 of such 
Code is amended by striking paragraph (3).
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after the date of the enactment of 
this Act.
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