Support Our Start-Ups Act
Latest action · Jan 3, 2017 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJan 3, 2017
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Support Our Start-Ups Act
This bill amends the Internal Revenue Code to extend the tax deduction for new business expenditures to organizational expenditures, generally defined as expenditures incident to the creation of a corporation or a partnership.
The bill also increases the maximum deduction amount for start-up and organizational expenditures from $5,000 to $20,000 and increases from $50,000 to $120,000 the threshold amount after which the maximum deduction amount for such expenditures is reduced.
Cosponsors 5
Members who signed on, in the order they did. Signatures ran from Jan 3, 2017 to Apr 3, 2017, with 2 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-OH | James B. Renacci | Original | Jan 3, 2017 |
| R-FL | Mario Diaz-Balart | Original | Jan 3, 2017 |
| D-WI | Ron Kind | Jan 5, 2017 | |
| R-OH | Steve Stivers | Feb 27, 2017 | |
| R-FL | Carlos Curbelo | Apr 3, 2017 |
Actions 2
Everything that happened, newest first.
- Jan 3, 2017Introduced in House
- Jan 3, 2017Referred to the House Committee on Ways and Means.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1984 | Support Our Start-Ups Act | Identical bill | Oct 19, 2017 |
| HR 6756 | American Innovation Act of 2018 | Related bill | Sep 28, 2018 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Jan 3, 2017Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.