H.R. 3231 · 112th Congress

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

Stage
In committee
Introduced
2011-10-14
Latest action
2011-10-14 · Introduced in House

Summary

Amends the Internal Revenue Code to increase the tax deduction for the start-up expenditures of an active trade or business from $5,000 to $20,000 in taxable years beginning in 2011 through 2014.