H. R. 6177
IN THE HOUSE OF REPRESENTATIVES
July 24, 2012
Mr. Braley of Iowa introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to increase the deduction for start-up expenditures for business for 2012 and 2013.
This Act may be cited as the
Support Our Startups Act of
Increase in deduction for start-up expenditures for 2012 and 2013
Paragraph (3) of section 195(b) of the Internal Revenue Code of 1986 is amended—
2010 in the matter preceding subparagraph (A) and inserting
2010, 2012, or 2013, and
2010 in the heading and inserting
2010, 2012, or
The amendments made by subsection (a) shall apply to taxable years beginning after December 31, 2011.