S. 2609
Referred to CommitteeSmall Business Growth Act
Introduced 7/27/2023•118th Congress•Senate
Latest Action
Read twice and referred to the Committee on Finance.
7/27/2023 • Senate
Summary
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.
Introduced in Senate • 7/27/2023
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Topics & Subjects
Policy Area: Taxation
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Related Federal Spending
Sponsor & Cosponsors (7)
Party Breakdown
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Democrats
7
Republicans
0
Independents
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Cosponsors (6)
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Bill Journey
Originated in the Senate
Introduced
July 27, 2023
Read twice and referred to the Committee on Finance.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Introduced in Senate7/27/2023