Text: H.R.1621 — 113th Congress (2013-2014)

There is one version of the bill.

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Introduced in House (04/18/2013)


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[Congressional Bills 113th Congress]
[From the U.S. Government Printing Office]
[H.R. 1621 Introduced in House (IH)]

113th CONGRESS
  1st Session
                                H. R. 1621

 To amend the Internal Revenue Code of 1986 to make permanent the 2010 
          increase in the deduction for start-up expenditures.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 18, 2013

   Mr. Johnson of Georgia (for himself, Ms. Norton, Mr. Conyers, Mr. 
 Lewis, Mr. Moran, Mr. Grijalva, Mr. Clay, Mr. Ellison, Ms. Titus, Mr. 
    McDermott, Ms. Brown of Florida, Mr. Van Hollen, Mr. Peters of 
  Michigan, Mr. Cicilline, Mr. Serrano, Mr. Rangel, Mr. Connolly, Mr. 
Ryan of Ohio, Ms. Lee of California, Mr. Honda, Ms. Wasserman Schultz, 
Mr. Hastings of Florida, Mr. Chabot, Ms. Schwartz, Ms. Meng, Mr. Rush, 
    Mr. Bentivolio, Ms. Wilson of Florida, Ms. Fudge, Ms. Sewell of 
  Alabama, Mr. Murphy of Florida, and Ms. Jackson Lee) 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 make permanent the 2010 
          increase in the deduction for start-up expenditures.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Help Entrepreneurs Create American 
Jobs Act of 2013''.

SEC. 2. INCREASE IN DEDUCTION FOR START-UP EXPENSES MADE PERMANENT.

    (a) In General.--Clause (ii) of section 195(b)(1)(A) of the 
Internal Revenue Code of 1986 is amended--
            (1) by striking ``$5,000'' and inserting ``$10,000'', and
            (2) by striking ``$50,000'' and inserting ``$60,000''.
    (b) Conforming Amendment.--Subsection (b) of section 195 of such 
Code is amended by striking paragraph (3).
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after the date of the enactment of 
this Act.
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