Tax Relief for New Businesses Act

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [S. 5204 Introduced in Senate (IS)] <DOC> 118th CONGRESS 2d Session S. 5204 To amend the Internal Revenue Code of 1986 to increase the limitations for deductible new business expenditures, to consolidate provisions for start-up and organizational expenditures, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES September 25, 2024 Ms. Rosen (for herself, Mrs. Shaheen, Ms. Baldwin, Mr. Wyden, Mr. Blumenthal, Ms. Klobuchar, Mr. Heinrich, Mr. Coons, and Mr. Warnock) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to increase the limitations for deductible new business expenditures, to consolidate provisions for start-up and organizational expenditures, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Tax Relief for New…