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United States · Bill · HR

H.R. 420 (115th)

Promote Startups Act of 2017

referredUnited States· United States Congress· EN

Introduced

10 January 2017

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

11 August 2025

Summary

Promote Startups Act of 201 7 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.

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Documents

3 official files

Introduced in House (text)

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