Introduced in House

[Congressional Bills 115th Congress] [From the U.S. Government Publishing Office] [H.R. 341 Introduced in House (IH)] 115th CONGRESS 1st Session H. R. 341 To amend the Internal Revenue Code of 1986 to increase the deduction for start-up expenditures for business for 2017 and 2018. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES January 5, 2017 Mr. Serrano 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 2017 and 2018. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

SECTION 1. SHORT TITLE. This Act may be cited as the ``Support Our Startups Act of 2017''.

SEC. 2. INCREASE IN DEDUCTION FOR START-UP EXPENDITURES FOR 2017 AND

SEC. 2. INCREASE IN DEDUCTION FOR START-UP EXPENDITURES FOR 2017 AND 2018. (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, 2017, or 2018'', and (2) by striking ``2010'' in the heading and inserting ``2010, 2017, or 2018''. (b) Effective Date.--The amendments made by subsection (a) shall apply to taxable years beginning after December 31, 2016.