H. R. 4032
IN THE HOUSE OF REPRESENTATIVES
February 15, 2012
Mr. Johnson of Georgia (for himself, Mr. Lewis of Georgia, Mr. McDermott, and Mr. Connolly of Virginia) introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to make permanent the 2010 increase in the deduction for start-up expenditures.
This Act may be cited as the
Help Entrepreneurs Create American
Jobs Act of 2012.
Increase in deduction for start-up expenses made permanent
Clause (ii) of section 195(b)(1)(A) of the Internal Revenue Code of 1986 is amended—
$5,000 and inserting
$50,000 and inserting
Subsection (b) of section 195 of such Code is amended by striking paragraph (3).
The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.