HR 3661
118th Congress
House
Taxation
Small Business Growth Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 25, 2023
Referred to the House Committee on Ways and Means.
May 25, 2023
Introduced in House
Plain-English 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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1