US HB420 | 2017-2018 | 115th Congress

Status

Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on January 10 2017 - 25% progression, died in committee
Action: 2017-01-10 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Promote Startups Act of 2017 This bill amends the Internal Revenue Code to increase the maximum tax deduction for business start-up expenditures from $5,000 to $15,000 and to increase the deduction for the organizational expenditures of corporations from $5,000 to $10,000. The bill also increases the ceilings for such expenditures over which the amount of the tax deduction is reduced.

Tracking Information

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Title

Promote Startups Act of 2017

Sponsors


History

DateChamberAction
2017-01-10HouseReferred to the House Committee on Ways and Means.
2017-01-10HouseIntroduced in House

Same As/Similar To

HB5164 (Related) 2018-04-06 - Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.

Subjects


US Congress State Sources


Bill Comments

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