[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 341 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 341

 To amend the Internal Revenue Code of 1986 to increase the deduction 
       for start-up expenditures for business for 2017 and 2018.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 5, 2017

 Mr. Serrano introduced the following bill; which was referred to the 
                      Committee on Ways and Means

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                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to increase the deduction 
       for start-up expenditures for business for 2017 and 2018.

    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 2017''.

SEC. 2. INCREASE IN DEDUCTION FOR START-UP EXPENDITURES FOR 2017 AND 
              2018.

    (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, 2017, or 2018'', and
            (2) by striking ``2010'' in the heading and inserting 
        ``2010, 2017, or 2018''.
    (b) Effective Date.--The amendments made by subsection (a) shall 
apply to taxable years beginning after December 31, 2016.
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