US Congress House Bill 111 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Republican 5-1)
Status: Introduced on January 3 2017 - 25% progression, died in committee
Action: 2017-01-03 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Support Our Start-Ups Act This bill amends the Internal Revenue Code to extend the tax deduction for new business expenditures to organizational expenditures, generally defined as expenditures incident to the creation of a corporation or a partnership. The bill also increases the maximum deduction amount for start-up and organizational expenditures from $5,000 to $20,000 and increases from $50,000 to $120,000 the threshold amount after which the maximum deduction amount for such expenditures is reduced.

Support Our Start-Ups Act

Rep. Vern Buchanan [R-FL]	Rep. James Renacci [R-OH]	Rep. Mario Diaz-Balart [R-FL]	Rep. Ron Kind [D-WI]
Rep. Steve Stivers [R-OH]	Rep. Carlos Curbelo [R-FL]

Date	Chamber	Action
2017-01-03	House	Referred to the House Committee on Ways and Means.
2017-01-03	House	Introduced in House

SB1984 (Same As) 2017-10-19 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/111/all-info
Text	https://www.congress.gov/115/bills/hr111/BILLS-115hr111ih.pdf