US HB420 | 2017-2018 | 115th Congress
Status
Spectrum: Partisan Bill (Democrat 3-0)
Status: Introduced on January 10 2017 - 25% progression, died in committee
Action: 2017-01-10 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 10 2017 - 25% progression, died in committee
Action: 2017-01-10 - 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 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.
Title
Promote Startups Act of 2017
Sponsors
| Rep. Brenda Lawrence [D-MI] | Rep. Carol Shea-Porter [D-NH] | Rep. Yvette Clarke [D-NY] |
History
| Date | Chamber | Action |
|---|---|---|
| 2017-01-10 | House | Referred to the House Committee on Ways and Means. |
| 2017-01-10 | House | Introduced in House |
Same As/Similar To
HB5164 (Related) 2018-04-06 - Referred to the Subcommittee on Crime, Terrorism, Homeland Security, and Investigations.
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/115th-congress/house-bill/420/all-info |
| Text | https://www.congress.gov/115/bills/hr420/BILLS-115hr420ih.pdf |
