H.R. 3661
Referred to CommitteeSmall Business Growth Act
Introduced 5/25/2023•118th Congress•House
Latest Action
Referred to the House Committee on Ways and Means.
5/25/2023 • House
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.
Introduced in House • 5/25/2023
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Topics & Subjects
Policy Area: Taxation
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Related Federal Spending
Sponsor & Cosponsors (12)
Party Breakdown
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Democrats
12
Republicans
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Independents
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Cosponsors (11)
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Bill Journey
Originated in the House
Introduced
May 25, 2023
Referred to the House Committee on Ways and Means.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Introduced in House5/25/2023