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.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2023-07-27 | IntroReferral | Read twice and referred to the Committee on Finance. | Senate |
| 2023-07-27 | IntroReferral | Introduced in Senate | Library of Congress |