US Congress Senate Bill 1984 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on October 19 2017 - 25% progression, died in committee
Action: 2017-10-19 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance 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

Sen. Tammy Baldwin [D-WI]

Sen. Gary Peters [D-MI]

Sen. Amy Klobuchar [D-MN]

Date	Chamber	Action
2017-10-19	Senate	Read twice and referred to the Committee on Finance.

HB111 (Same As) 2017-01-03 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/senate-bill/1984/all-info
Text	https://www.congress.gov/115/bills/s1984/BILLS-115s1984is.pdf