Legis Daily

Small Business Growth Act

USA118th CongressHR-3661| House 
| Updated: 5/25/2023
Blake D. Moore

Blake D. Moore

Republican Representative

Utah

Cosponsors (11)
Adrian Smith (Republican)David Kustoff (Republican)Claudia Tenney (Republican)A. Drew Ferguson (Republican)Mike Kelly (Republican)Michelle Steel (Republican)Brian K. Fitzpatrick (Republican)Randy Feenstra (Republican)Michael Lawler (Republican)Michelle Fischbach (Republican)Vern Buchanan (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 25, 2023
Introduced in House
May 25, 2023
Referred to the House Committee on Ways and Means.
Jul 27, 2023

Latest Companion Bill Action

S 118-2609
Introduced in Senate
  • May 25, 2023
    Introduced in House


  • May 25, 2023
    Referred to the House Committee on Ways and Means.


  • July 27, 2023

    Latest Companion Bill Action

    S 118-2609
    Introduced in Senate

Taxation

Related Bills

  • S 118-2609: Small Business Growth Act
  • HR 118-7024: Tax Relief for American Families and Workers Act of 2024

Small Business Growth Act

USA118th CongressHR-3661| House 
| Updated: 5/25/2023
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 25, 2023
Introduced in House
May 25, 2023
Referred to the House Committee on Ways and Means.
Jul 27, 2023

Latest Companion Bill Action

S 118-2609
Introduced in Senate
  • May 25, 2023
    Introduced in House


  • May 25, 2023
    Referred to the House Committee on Ways and Means.


  • July 27, 2023

    Latest Companion Bill Action

    S 118-2609
    Introduced in Senate
Blake D. Moore

Blake D. Moore

Republican Representative

Utah

Cosponsors (11)
Adrian Smith (Republican)David Kustoff (Republican)Claudia Tenney (Republican)A. Drew Ferguson (Republican)Mike Kelly (Republican)Michelle Steel (Republican)Brian K. Fitzpatrick (Republican)Randy Feenstra (Republican)Michael Lawler (Republican)Michelle Fischbach (Republican)Vern Buchanan (Republican)

Ways and Means Committee

Taxation

Related Bills

  • S 118-2609: Small Business Growth Act
  • HR 118-7024: Tax Relief for American Families and Workers Act of 2024
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted