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H.R. 1552

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to increase the amount allowed as a deduction for start-up expenditures.
About This Bill
Committee
Latest Action · March 17, 2009
Referred to the House Committee on Ways and Means.
Congress
111th (2009–2011)
Introduced
March 17, 2009
Cosponsors (103)
64D 39R
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Summary

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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.

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