Creates a subtraction from taxable income for start-up expenditures.

Summary

Digest: The Act makes a new tax subtraction for start-up expenditures. (Flesch Readability Score: 61.3). Creates a subtraction from taxable income for start-up expenditures. Applies to tax years beginning on or after January 1, 2026, and before January 1, 2032. Takes effect on the 91st day following adjournment sine die.