US SB5204 | 2023-2024 | 118th Congress
Status
Spectrum: Partisan Bill (Democrat 9-0)
Status: Introduced on September 25 2024 - 25% progression
Action: 2024-09-25 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on September 25 2024 - 25% progression
Action: 2024-09-25 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
A bill to amend the Internal Revenue Code of 1986 to increase the limitations for deductible new business expenditures, to consolidate provisions for start-up and organizational expenditures, and for other purposes.
Title
Tax Relief for New Businesses Act
Sponsors
| Sen. Jacky Rosen [D-NV] | Sen. Jeanne Shaheen [D-NH] | Sen. Tammy Baldwin [D-WI] | Sen. Ron Wyden [D-OR] |
| Sen. Richard Blumenthal [D-CT] | Sen. Amy Klobuchar [D-MN] | Sen. Martin Heinrich [D-NM] | Sen. Christopher Coons [D-DE] |
| Sen. Raphael Warnock [D-GA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-09-25 | Senate | Read twice and referred to the Committee on Finance. |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/118th-congress/senate-bill/5204/all-info |
| Text | https://www.congress.gov/118/bills/s5204/BILLS-118s5204is.pdf |
