S. 1613: Tax Relief for New Businesses Act

S. 1613 is a federal bill in the 119th Congress. Before this bill, new businesses could immediately deduct up to $5,000 of their start-up and organizational expenses, which are the costs incurred to research and create a new business, provided their total start-up costs did not exceed $50,000. Under this… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.