H.R. 341 · 115th Congress
Support Our Startups Act of 2017
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
SerranoSponsorNo cosponsors.
This bill amends the Internal Revenue Code to increase the amount of the tax deduction for business start-up expenses for taxable years beginning in 2017 or 2018.
What it does: CRS summary · Introduced in House · Jan 5, 2017
Support Our Startups Act of 2017
This bill amends the Internal Revenue Code to increase the amount of the tax deduction for business start-up expenses for taxable years beginning in 2017 or 2018.
Under current law, start-up expenses are paid or incurred in connection with: (1) investigating the creation or acquisition of an active trade or business; (2) creating an active trade or business; or (3) any activity engaged in for profit and for the production of income before the day on which the active trade or business begins, in anticipation of the activity becoming an active trade or business.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Support Our Startups Act of 2017
Latest action (Jan 5, 2017): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: Jan 5, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.