,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #aaa  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #c1 #bjag,mr4 
,bu*anan 7= himself1 ,mr4 ,r5acci1 &    
,mr4 ,diaz-,bal>t7 introduc$ ! foll[+   
bill2 :i* 0 ref]r$ to ! ,committee on   
,ways & ,means  ,a ,,bill  ,to am5d !   
,int]nal ,rev5ue ,code ( #aihf to       
increase ! limitations = d$uctible new  
bus9ess exp5ditures & to consolidate    
provisions = />t-up & organizational    
exp5ditures4  #a4 ,%ort title ,?is ,act 
may be cit$ z ! ,support ,our ,/>t-,ups 
,act4  #b4 ,new bus9ess exp5ditures  7a7
 ,9 g5]al ,subsections 7a7 & 7b7 (      
section #aie ( ! ,int]nal ,rev5ue ,code 
( #aihf are bo? am5d$ by ins]t+ &       
organizational aft] />t-up ea* place x  
appe>s4  7b7 ,organizational exp5ditures
 ,subsection 7c7 ( section #aie ( su*   
,code is am5d$ by add+ at ! end ! foll[+
 new p>agraph3  7#c7 ,organizational    
exp5ditures ,! t]m organizational       
exp5ditures means any exp5diture :i*--  
7,a7 is incid5t to ! creation ( a       

corporation or a p>tn]%ip1  7,b7 is     
*>geable to capital acc\nt1 &  7,c7 is (
 a "* :i*1 if exp5d$ incid5t to !       
creation ( a corporation or a p>tn]%ip  
hav+ a limit$ life1 w\ld be amortizable 
ov] su* life4  4  7c7 ,doll> am\nts     
,clause 7ii7 ( section #aie7;b77#a77;,a7
 ( su* ,code is am5d$-- 7#a7 by /rik+   
#e1jjj & ins]t+ #bj1jjj1 &  7#b7 by     
/rik+ #ej1jjj & ins]t+ #abj1jjj4  7d7   
,amortization treatm5t ,subp>agraph 7,b7
 ( section #aie7;b77#a7 ( su* ,code1 z  
am5d$ by subsection 7a71 is am5d$ to    
read z foll[s3  7,b7 ! rema9d] ( su*    
/>t-up & organizational exp5ditures %all
 be *>g$ to capital acc\nt & all[$ z an 
amortization d$uction det]m9$ by        
amortiz+ su* exp5ditures ratably ov] !  
#ae-ye> p]iod beg9n+ ) ! midpo9t ( !    
taxable ye> 9 :i* ! active trade or     
bus9ess beg9s4  4  7e7 ,con=m+ am5dm5ts 
7#a7 ,section #aie7;b77#a7 ( su* ,code  
is am5d$-- 7,a7 by ins]t+ 7or1 9 ! case 
( a p>tn]%ip1 ! p>tn]%ip elects7 aft]   
,if a taxpay] elects1 &  7,b7 by ins]t+ 

7or ! p>tn]%ip1 z ! case may be7 aft] ! 
taxpay] 9 subp>agraph 7,a74  7#b7       
,section #aie7;b77#b7 ( su* ,code is    
am5d$--  7,a7 by /rik+ amortization     
p]iod4--,9 any case & ins]t+ ! foll[+3  
amortization p]iod4-- 7,a7 ,9 g5]al ,9  
any case  1 &  7,b7 by add+ at ! end !  
foll[+ new subp>agraph3  7,b7 ,special  
p>tn]%ip rule ,9 ! case ( a p>tn]%ip1   
subp>agraph 7,a7 %all be appli$ at !    
p>tn]%ip level4  4  7#c7 ,section       
#aie7;b7 ( su* ,code is am5d$ by /rik+  
p>agraph 7#c74  7#d7  7,a7 ,"p ,,viii ( 
sub*apt] ,b ( *apt] #a ( su* ,code is   
am5d$ by /rik+ section #bdh 7& by /rik+ 
! item relat+ to su* section 9 ! table (
 sections = su* "p74  7,b7 ,section     
#ef7;g77#d77;,d77ii7 ( su* ,code is     
am5d$ by /rik+ ,sections #agc & #bdh &  
ins]t+ ,section #agc4  7,c7 ,section    
#agj7;b77#b77;,c77ii7 ( su* ,code is    
am5d$ by /rik+ 7except section #bdh74   
7,d7 ,section #cab7n77#c7 ( su* ,code is
 am5d$ by /rik+ ,sections #agc & #bdh & 
ins]t+ ,section #agc4  7,e7 ,section    

#ece7;b77#c7 ( su* ,code is am5d$ by    
/rik+ 7except section #bdh74  7,f7      
,section #ede7;b77#c7 ( su* ,code is    
am5d$ by /rik+ 7except section #bdh74   
7,g7 ,section #hcd7;c77#g7 ( su* ,code  
is am5d$ by /rik+ 7except section #bdh74
  7,h7 ,section #heb7;b77#b77;,c7 ( su* 
,code is am5d$ by /rik+ 7except section 
#bdh74  7,i7 ,section #heg7;b77#b77;,a7 
( su* ,code is am5d$ by /rik+ 7except   
section #bdh74  7,j7 ,section #acfc7;b7 
( su* ,code is am5d$ by ins]t+ & at !   
end ( p>agraph 7#b71 by /rik+ p>agraph  
7#c71 & by r$esignat+ p>agraph 7#d7 z   
p>agraph 7#c74  7,k7 ,section           
#acge7;b77#a77;,b77i7 ( su* ,code is    
am5d$ by /rik+ 7o!r ?an ! d$uction all[$
 by section #bdh1 relat+ to organization
 exp5ditures74  7#e7 ,"p ,i ( sub*apt]  
,k ( *apt] #a ( su* ,code is am5d$ by   
/rik+ section #gji 7& by /rik+ ! item   
relat+ to su* section 9 ! table (       
sections = su* "p74  7#f7 ,! head+ (    
section #aie ( su* ,code 7& ! item      
relat+ to su* section 9 ! table (       

sections = "p ,,vi ( sub*apt] ,b ( *apt]
 #a ( su* ,code7 are ea* am5d$ by ins]t+
 & organizational aft] ,/>t-up4  7f7    
,effective date ,! am5dm5ts made by ?is 
section %all apply to exp5ses paid or   
incurr$ 9 taxable ye>s beg9n+ aft]      
,decemb] #ca1 #bjag4