H.R.4637 - Help Small Businesses Start and Grow Act of 2010

To amend the Internal Revenue Code of 1986 to increase the amount allowed as a deduction for start-up expenditures, to provide a standard home office deduction, to increase the amount allowed as a deduction for meals and entertainment expenses of small businesses, and to extend bonus depreciation, and for other purposes. view all titles (2)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to increase the amount allowed as a deduction for start-up expenditures, to provide a standard home office deduction, to increase the amount allowed as a deduction for meals and entertainment expenses of small businesses, and to extend bonus depreciation, and for other purposes. as introduced.
  • Short: Help Small Businesses Start and Grow Act of 2010 as introduced.

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Introduced
 
House
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Senate
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President
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02/22/10
 
 
 
 
 
 
 

Official Summary

Help Small Businesses Start and Grow Act of 2010 - Amends the Internal Revenue Code to: (1) allow an increased tax deduction for business start-up expenditures in 2009, 2010, or 2011; (2) allow a standard tax deduction for the business use of a home; (3) increase the rate of the tax deducti

Official Summary

Help Small Businesses Start and Grow Act of 2010 - Amends the Internal Revenue Code to:
(1) allow an increased tax deduction for business start-up expenditures in 2009, 2010, or 2011;
(2) allow a standard tax deduction for the business use of a home;
(3) increase the rate of the tax deduction for business meals and entertainment expenses; and
(4) extend bonus depreciation allowances through 2012. Directs the Administrator of the Small Business Administration (SBA) to:
(1) establish and carry out a small business direct lending program;
(2) report to the House and Senate Small Business Committees on the loan program, including the number and amount of loans made under the program. Requires the Comptroller General to evaluate the effectiveness of the program and identify any waste or abuse relating to the program.

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