S 2609
118th Congress
Senate
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
Jul 27, 2023
Read twice and referred to the Committee on Finance.
Jul 27, 2023
Introduced in Senate
Plain-English 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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1