Support Our Startups Act of 2013

H.R. 1704 · 113th Congress · Apr 24, 2013 · Lineage

A BILL

To amend the Internal Revenue Code of 1986 to increase the deduction for start-up expenditures for business for 2013 and 2014.

This Act may be cited as the “Support Our Startups Act of 2013”.

(a)

In general— Paragraph (3) of section 195(b) of the Internal Revenue Code of 1986 is amended—

(1)

by striking “2010” in the matter preceding subparagraph (A) and inserting “2010, 2013, or 2014”, and

(2)

by striking “2010” in the heading and inserting “2010, 2013, or 2014”.

(b)

Effective date— The amendments made by subsection (a) shall apply to taxable years beginning after December 31, 2012.