About the bill
H.R. 6756 intends to make it easier and less costly for an entrepreneur to start a new business by providing for more deductions of start-up and organizational costs in the business’s first year and preserving start-up losses and start-up credits by exempting them from the limitations on use that otherwise could apply after an ownership change.
Specifically, the legislation consolidates the rules for start-up expenditures (section 195) and organizational expenditures (sections 248 and 709(b)) into a single provision, allowing the taxpayer to elect to deduct up to ...
Sponsor and status
Sponsor. Representative for Florida's 16th congressional district. Republican.
Last Updated: Sep 28, 2018
Length: 16 pages
What stakeholders are saying
H.R. 6756 is a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
How to cite this information.
We recommend the following MLA-formatted citation when using the information you see here in academic work:
GovTrack.us. (2018). H.R. 6756 — 115th Congress: American Innovation Act of 2018. Retrieved from https://www.govtrack.us/congress/bills/115/hr6756
“H.R. 6756 — 115th Congress: American Innovation Act of 2018.” www.GovTrack.us. 2018. November 18, 2018 <https://www.govtrack.us/congress/bills/115/hr6756>
American Innovation Act of 2018, H.R. 6756, 115th Cong..
|title=H.R. 6756 (115th)
|accessdate=November 18, 2018
|author=115th Congress (2018)
|date=September 10, 2018
|quote=American Innovation Act of 2018
Where is this information from?
GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.