Legis Daily

Small Business Growth Act

USA118th CongressS-2609| Senate 
| Updated: 7/27/2023
John Barrasso

John Barrasso

Republican Senator

Wyoming

Cosponsors (6)
Mike Braun (Republican)Thomas Tillis (Republican)James E. Risch (Republican)Marsha Blackburn (Republican)Kevin Cramer (Republican)James Lankford (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
May 25, 2023

Latest Companion Bill Action

HR 118-3661
Introduced in House
Jul 27, 2023
Introduced in Senate
Jul 27, 2023
Read twice and referred to the Committee on Finance.
  • May 25, 2023

    Latest Companion Bill Action

    HR 118-3661
    Introduced in House


  • July 27, 2023
    Introduced in Senate


  • July 27, 2023
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 118-7024: Tax Relief for American Families and Workers Act of 2024
  • HR 118-3661: Small Business Growth Act

Small Business Growth Act

USA118th CongressS-2609| Senate 
| Updated: 7/27/2023
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.
View Full Text

Suggested Questions

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

Timeline
May 25, 2023

Latest Companion Bill Action

HR 118-3661
Introduced in House
Jul 27, 2023
Introduced in Senate
Jul 27, 2023
Read twice and referred to the Committee on Finance.
  • May 25, 2023

    Latest Companion Bill Action

    HR 118-3661
    Introduced in House


  • July 27, 2023
    Introduced in Senate


  • July 27, 2023
    Read twice and referred to the Committee on Finance.
John Barrasso

John Barrasso

Republican Senator

Wyoming

Cosponsors (6)
Mike Braun (Republican)Thomas Tillis (Republican)James E. Risch (Republican)Marsha Blackburn (Republican)Kevin Cramer (Republican)James Lankford (Republican)

Finance Committee

Taxation

Related Bills

  • HR 118-7024: Tax Relief for American Families and Workers Act of 2024
  • HR 118-3661: Small Business Growth Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted