United States · Bill · S
S. 2841 (116th)
Support Our Start-Ups Act
Introduced
13 November 2019
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
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Subjects
Discovery layer
Source updated
3 January 2025
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.
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 13 November 2019
Introduced in Senate (PDF)
Introduced in Senate · EN · 13 November 2019
Introduced in Senate
summary · EN · 13 November 2019
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/116th-congress/senate-bill/2841
- Open data entity: https://api.congress.gov/v3/bill/116/s/2841