Bill115th CongressFiled Jan 10, 2017Taxation
H.R. 420
Promote Startups Act of 2017
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Jan 10, 2017)
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.
What just happenedJan 10, 2017
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Lawrence, Brenda L. [D-MI-14](D-MI)Sponsor
2 cosponsors2 D
2cosponsors1committees3actions1related bills4subjects
- Introduced in HouseJan 10, 2017
- Jan 10, 2017IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Jan 10, 2017IntroReferralIntro-H
Introduced in House
- Jan 10, 2017IntroReferral1000
Introduced in House