U.S. Congress - S.1402 Small Business Jump Start Act of 2009
S.1402 - Small Business Jump Start Act of 2009
A bill to amend the Internal Revenue Code of 1986 to increase the amount allowed as a deduction for start-up expenditures. view all titles (2)
All Bill Titles
- Official: A bill to amend the Internal Revenue Code of 1986 to increase the amount allowed as a deduction for start-up expenditures. as introduced.
- Short: Small Business Jump Start Act of 2009 as introduced.
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Official Summary
7/7/2009--Introduced.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 fOfficial Summary
7/7/2009--Introduced.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.
...Read the Rest
Recent News Coverage
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...would allow new small business owners to deduct up to $10,000 of their initial start-up costs. The Small Business Jump Start Act (S.1402) is a bipartisan measure that would double the federal tax deduction, from the current $5,000 to $10,000, for first-
Cochran backs bipartisan small business bill
...would allow new small business owners to deduct up to $10,000 of their initial start-up costs. The Small Business Jump Start Act (S.1402) is a bipartisan measure that would double the federal tax deduction, from the current $5,000 to $10,000, for first-
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