I 115th CONGRESS 1st Session H. R. 341 IN THE HOUSE OF REPRESENTATIVES January 5, 2017 Mr. Serrano 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 start-up expenditures for business for 2017 and 2018.

1. Short title This Act may be cited as the Support Our Startups Act of 2017 . 2. Increase in deduction for start-up expenditures for 2017 and 2018 (a) In general Paragraph (3) of section 195(b) of the Internal Revenue Code of 1986 is amended— (1) by striking 2010 in the matter preceding subparagraph (A) and inserting 2010, 2017, or 2018 , and (2) by striking 2010 in the heading and inserting 2010, 2017, or 2018 . (b) Effective date The amendments made by subsection (a) shall apply to taxable years beginning after December 31, 2016.