Promote Startups Act of 2017
This bill amends the Internal Revenue Code to increase the maximum tax deduction for business start-up expenditures from $5,000 to $15,000 and to increase the deduction for the organizational expenditures of corporations from $5,000 to $10,000. The bill also increases the ceilings for such expenditures over which the amount of the tax deduction is reduced.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2017-01-10 | IntroReferral | Referred to the House Committee on Ways and Means. | House floor actions |
| 2017-01-10 | IntroReferral | Introduced in House | Library of Congress |