HR 3178
111th Congress
House
Taxation
Business investment and capital
Income tax deductions
Small business
Small Business Growth Act of 2009
Introduced: July 10, 2009
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 10, 2009
Referred to the House Committee on Ways and Means.
Jul 10, 2009
Sponsor introductory remarks on measure. (CR E1725)
Jul 10, 2009
Introduced in House
Plain-English summary
Small Business Growth Act of 2009 - Amends the Internal Revenue Code to allow small business taxpayers with gross receipts of $5 million or less to elect to expense certain depreciable real property in the year such property is placed in service. Limits the amount of such expensing allowance to $125,000, adjusted for inflation after 2009.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1