Introduced
S. 1613
Introduced in Senate · May 20, 2025May 6, 2025
Ms. Rosen (for herself, Mrs. Shaheen, Ms. Baldwin, Mr. Wyden, Mr. Blumenthal, Ms. Klobuchar, Mr. Heinrich, Mr. Coons, Ms. Slotkin, Mr. Gallego, and Ms. Alsobrooks) introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to increase the limitations for deductible new business expenditures, to consolidate provisions for start-up and organizational expenditures, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. Short title.
This Act may be cited as the “Tax Relief for New Businesses Act”.