SENATE 2609118th CongressRead twice and referred to the Committee on Finance.

Small Business Growth Act

Last Action: 7/27/2023

Actions

2023-07-27Read twice and referred to the Committee on Finance.
2023-07-27Introduced in Senate

CRS Summary

As of 2023-07-27 (00)

Small Business Growth Act

This bill increases from $1 million to $2.5 million the limitation on expensing of depreciable business assets. It also increases the asset threshold amount used to reduce the expensing limitation.

Cosponsors (6)

James Lankford (R-OK)
Marsha Blackburn (R-TN)
Thomas Tillis (R-NC)
Mike Braun (R-IN)
James Risch (R-ID)
Kevin Cramer (R-ND)

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