S 1613 · 119th Congress

Tax Relief for New Businesses Act

This bill makes it easier for new businesses to deduct their startup costs from their taxes. Right now, when you start a business, you have to spread out certain expenses over many years before you can write them off. This bill increases the amount of money you can deduct upfront from $5,000 to $50,000, and raises t…

Sponsor

Rosen, Jacky (D-Nevada)

Introduced

2025-05-06

Policy area

Taxation

Latest action

Read twice and referred to the Committee on Finance.