I 112th CONGRESS 2d Session H. R. 6177 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.

1.

Short title

This Act may be cited as the Support Our Startups Act of 2012.

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.