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
- Sponsor
- Patrick Meehan
- 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.