HR 3178 · 111th Congress · Taxation
Small Business Growth Act of 2009
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2009-07-10)
Plain Language Summary
[AI summary unavailable — showing source text]
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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (16)
12 Democrats4 Republicans