H.R. 3661 · 118th Congress
Small Business Growth Act
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Never voted on. It didn't reach a floor vote before the 118th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
MooreSponsor11 cosponsors · 11 R
R
Buchanan
RF
R
Feenstra
AF
R
Ferguson
BF
R
Fitzpatrick
MF
R
Fischbach
MK
R
Kelly
DK
R
Kustoff
MS
R
Steel
AS
R
Smith
CT
R
Tenney
ML
R
Lawler10 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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.
What it does: CRS summary · Introduced in House · May 25, 2023
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Small Business Growth Act
Latest action (May 25, 2023): Referred to the House Committee on Ways and Means.
Policy area: Taxation · Origin: House · Introduced: May 25, 2023
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.