CCAGW Annual Ratings

New-Business Tax Deductions -- Passage


Passage of the bill that would allow individual taxpayers, beginning in tax year 2019, to deduct up to $20,000 during a year in which they start a new business for expenses related to business start-up. It would allow up to $120,000 of such expenses to be amortized over 15 years. It would allow the thresholds to be adjusted for inflation annually, beginning in 2020.

Vote Number: 
House Vote 412
Bill Number: 
HR 6756
CCAGW Position: 
Vote Results: 
Passed 260-156 : R 229-0; D 31-156