[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6177 Introduced in House (IH)]

112th CONGRESS
  2d Session
                                H. R. 6177

 To amend the Internal Revenue Code of 1986 to increase the deduction 
       for start-up expenditures for business for 2012 and 2013.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 24, 2012

Mr. Braley of Iowa 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 start-up expenditures for business for 2012 and 2013.

    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 ``Support Our Startups Act of 2012''.

SEC. 2. INCREASE IN DEDUCTION FOR START-UP EXPENDITURES FOR 2012 AND 
              2013.

    (a) In General.--Paragraph (3) of section 195(b) of the Internal 
Revenue Code of 1986 is amended--
            (1) by striking ``2010'' in the matter preceding 
        subparagraph (A) and inserting ``2010, 2012, or 2013'', and
            (2) by striking ``2010'' in the heading and inserting 
        ``2010, 2012, or 2013''.
    (b) Effective Date.--The amendments made by subsection (a) shall 
apply to taxable years beginning after December 31, 2011.
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