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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      House Committee on Ways and Means
    IntroducedMarch 17th, 2009

Bill Details

Official information provided by the Congressional Research Service. Learn more or make a suggestion.
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Official Title

To amend the Internal Revenue Code of 1986 to increase the amount allowed as a deduction for start-up expenditures.

Summary

Amends the Internal Revenue Code to increase in taxable years beginning in 2009, 2010, or 2011: (1) the limit on the tax deduction for trade or business start-up expenditures from $5,000 to $20,000; and (2) the threshold amount for reducing such limit.