HR 4068 · 114th Congress · Taxation

Promote Startups Act of 2015

Introduced 2015-11-18· Sponsored by Rep. Lawrence, Brenda L. [D-MI-14]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2015-11-18)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (6)

6 Democrats