American Innovation Act of 2018

A bill (H.R. 6756) has been proposed to raise the upfront federal income tax deduction limit for startup costs from the current $5,000 to $20,000. If startup and organizational expenditures would exceed $120,000, then the upfront deduction would be reduced. The measure would also alter the net operating loss rules in a change of ownership. Likelihood of enactment? Who knows?