INCREASE IN AMOUNT ALLOWED AS DEDUCTION FOR START-UP EXPENDITURES IN 2010.

SEC. 2031. INCREASE IN AMOUNT ALLOWED AS DEDUCTION FOR START-UP EXPENDITURES IN 2010.(a) Start-up Expenditures.—Subsection (b) of section 195 of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph:“(3) Special rule for taxable years beginning in 2010.—In the case of a taxable year beginning in 2010, paragraph (1)(A)(ii) shall be applied—“(A) by substituting ‘$10,000’ for ‘$5,000’, and“(B) by substituting ‘$60,000’ for ‘$50,000’.”.(b) Effective Date.—The amendment made by this section shall apply to amounts paid or incurred in taxable years beginning after December 31, 2009.