HOUSE 3661118th CongressReferred to the House Committee on Ways and Means.

Small Business Growth Act

Last Action: 5/25/2023

Actions

2023-05-25Referred to the House Committee on Ways and Means.
2023-05-25Introduced in House
2023-05-25Introduced in House

CRS Summary

As of 2023-05-25 (00)

Small Business Growth Act

This bill increases from $1 million to $2 million to the limitation on expensing of depreciable business assets. It also increases the asset threshold amount used to reduce the expensing limitation.

Cosponsors (11)

Brian Fitzpatrick (R-PA)
Michelle Steel (R-CA)
Adrian Smith (R-NE)
Michelle Fischbach (R-MN)
Mike Kelly (R-PA)
David Kustoff (R-TN)
Claudia Tenney (R-NY)
A. Ferguson (R-GA)
Randy Feenstra (R-IA)
Vern Buchanan (R-FL)
Michael Lawler (R-NY)

Read on Congress.gov

Sourced from Congress.gov (public domain).

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