A bill to amend the Internal Revenue Code of 1986 to increase the amount allowed as a deduction for start-up expenditures.
Small Business Jump Start Act of 2009 - Amends the Internal Revenue Code to increase in taxable years beginning in 2009, 2010, or 2011: (1) the limit on the tax deduction for trade or business start-up expenditures from $5,000 to $10,000; and (2) the threshold amount for reducing such limit.
Referred to the House Committee on Ways and Means.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S7195, S7195-7196)
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S7195)
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