1. Short title This Act may be cited as the Support Our Start-Ups Act . 2. New business expenditures (a) In general Subsections (a) and (b) of section 195 of the Internal Revenue Code of 1986 are both amended by inserting and organizational after start-up each place it appears. (b) Organizational expenditures Subsection (c) of section 195 of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: (3) Organizational expenditures The term organizational expenditures means any expenditure which— (A) is incident to the creation of a corporation, S corporation, or partnership, (B) is chargeable to capital account, and (C) is of a character which, if expended incident to the creation of a corporation, S corporation, or partnership having a limited life, would be amortizable over such life. . (c) Dollar amounts (1) In general Clause (ii) of section 195(b)(1)(A) of the Internal Revenue Code of 1986 is amended— (A) by striking $5,000 and inserting $20,000