Florida Chamber backs Vern Buchanan startup tax relief bill


U.S. Rep. Vern Buchanan is announcing the Florida Chamber of Commerce is endorsing his bill seeking to make it easier and less costly for entrepreneurs to start a new business.

The Sarasota Republican’s “Support Our Start-Ups Act” seeks a fourfold increase in startup costs small-business owners can deduct from their federal income taxes, raising it from $5,000 to $20,000.