|Name of Act
|Name of Provision
|10yr Revenue Estimate ($millions)
|The Small Business Jobs Act of 2010
|Increase amount allowed as deduction for start-up expenditures
Increase amount allowed as deduction for start-up expenditures
Explanation of Provision
For taxable years beginning in 2010, the provision increases the amount of start-up expenditures a taxpayer can elect to deduct from $5,000 to $10,000 and increases the deduction phase-out threshold such that the $10,000 is reduced (but not below zero) by the amount by which the cumulative cost of start-up expenditures exceeds $60,000.