Small Business Growth Act

United States118th CongressHR-3661House of Representatives
Updated: May 25, 2023

Summary

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.

Bill texts

Available versions
Introduced (House)View official text

1 version available

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Timeline

Latest companion bill action

S-2609: Small Business Growth Act

Read twice and referred to the Committee on Finance.

  1. Referred to the House Committee on Ways and Means.

    House of Representatives

  2. Introduced in House

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