Tax Relief for New Businesses Act

Hozzl · 2024-10-15T23:53:17Z

Explore the details of Senate Bill 5204 Tax Relief for New Businesses Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

10/15/2024, 11:53 PM

Summary of Bill S 5204

The Tax Relief for New Businesses Act, introduced in the 118th Congress, aims to provide tax relief measures for new businesses. The bill, designated as S.5204 and introduced on September 25, 2024, focuses on supporting new businesses through specific tax provisions. For further details and the full text of the bill, refer to the official PDF version available at https://www.congress.gov/118/bills/s5204/BILLS-118s5204is.pdf.

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Current Status of Bill S 5204

Bill S 5204 is currently in the status of Bill Introduced since September 25, 2024. Bill S 5204 was introduced during Congress 118 and was introduced to the Senate on September 25, 2024. Bill S 5204's most recent activity was Read twice and referred to the Committee on Finance. as of September 25, 2024

Bipartisan Support of Bill S 5204

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Policy Area and Potential Impact of Bill S 5204

Primary Policy Focus

Alternate Title(s) of Bill S 5204

Tax Relief for New Businesses Act

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.