skip to main content

H.R. 254 (114th): Support Our Startups Act of 2015


The text of the bill below is as of Jan 9, 2015 (Introduced). The bill was not enacted into law.


I

114th CONGRESS

1st Session

H. R. 254

IN THE HOUSE OF REPRESENTATIVES

January 9, 2015

introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to increase the deduction for start-up expenditures for business for 2015 and 2016.

1.

Short title

This Act may be cited as the Support Our Startups Act of 2015.

2.

Increase in deduction for start-up expenditures for 2015 and 2016

(a)

In general

Paragraph (3) of section 195(b) of the Internal Revenue Code of 1986 is amended—

(1)

by striking 2010 in the matter preceding subparagraph (A) and inserting 2010, 2015, or 2016, and

(2)

by striking 2010 in the heading and inserting 2010, 2015, or 2016.

(b)

Effective date

The amendments made by subsection (a) shall apply to taxable years beginning after December 31, 2014.