HR 420 · 115th Congress · Taxation

Promote Startups Act of 2017

Introduced 2017-01-10· 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.(2017-01-10)

Plain Language Summary

[AI summary unavailable — showing source text] Promote Startups Act of 201 7 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 (2)

2 Democrats
Rep. Shea-Porter, Carol [D-NH-1]NH
Rep. Clarke, Yvette D. [D-NY-9]NY