US HB4068 | 2015-2016 | 114th Congress
Status
Spectrum: Partisan Bill (Democrat 7-0)
Status: Introduced on November 18 2015 - 25% progression, died in committee
Action: 2015-11-18 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on November 18 2015 - 25% progression, died in committee
Action: 2015-11-18 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Promote Startups Act of 2015 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.
Title
Promote Startups Act of 2015
Sponsors
| Rep. Brenda Lawrence [D-MI] | Rep. Nydia Velazquez [D-NY] | Rep. Yvette Clarke [D-NY] | Rep. Donald Payne [D-NJ] |
| Rep. Judy Chu [D-CA] | Rep. Tim Ryan [D-OH] | Rep. Sheila Jackson-Lee [D-TX] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-11-18 | House | Referred to the House Committee on Ways and Means. |
| 2015-11-18 | House | Introduced in House |
Same As/Similar To
SB1141 (Related) 2015-04-30 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2571-2572)
Subjects
Business investment and capital
Corporate finance and management
Income tax deductions
Small business
Taxation
Corporate finance and management
Income tax deductions
Small business
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/114th-congress/house-bill/4068/all-info |
| Text | https://www.congress.gov/114/bills/hr4068/BILLS-114hr4068ih.pdf |
