H.R. 3861 — Introduced in House

I 113th CONGRESS 2d Session H. R. 3861 IN THE HOUSE OF REPRESENTATIVES January 13, 2014Ms. Shea-Porter (for herself, Ms. Kuster, and Mr. McNerney) 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 increase the deduction for business start-up expenditures from $5,000 to $10,000. 1. Short title This Act may be cited as the Reward and Encourage New Business Act of 2013. 2. Increased deduction for business start-up expenditures (a) In general Clause (ii) of section 195(b)(1)(A) of the Internal Revenue Code of 1986 is amended by striking $5,000 and inserting $10,000. (b) Conforming amendment Section 195(b) of such Code is amended by striking paragraph (3). (c) Effective date The amendment made by this section shall apply to amounts paid or incurred in taxable years beginning after the date of the enactment of this Act.