I
111th CONGRESS
1st Session
H. R. 1552
IN THE HOUSE OF REPRESENTATIVES
March 17, 2009
Mr. Kratovil (for himself and Mr. Lee of New York) introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to increase the amount allowed as a deduction for start-up expenditures.
Increase in amount allowed as deduction for start-up expenditures
In general
Subsection (b) of section 195 of the Internal Revenue Code of 1986 is amended by adding at the end the following:
Special rule for taxable years beginning in 2009, 2010, or 2011
In the case of a taxable year beginning in 2009, 2010, or 2011, paragraph (1)(A)(ii) shall be applied—
by substituting
$20,000
for $5,000
, and
by substituting
$75,000
for
$50,000
.
.
Effective date
The amendments made by this section shall apply to amounts paid or incurred in taxable years beginning after the date of the enactment of this Act.