HR 3661 · 118th Congress · Taxation

Small Business Growth Act

Introduced 2023-05-25· Sponsored by Rep. Moore, Blake D. [R-UT-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2023-05-25)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (11)

11 Republicans
Rep. Fitzpatrick, Brian K. [R-PA-1]PA
Rep. Steel, Michelle [R-CA-45]CA
Rep. Smith, Adrian [R-NE-3]NE
Rep. Fischbach, Michelle [R-MN-7]MN
Rep. Kelly, Mike [R-PA-16]PA
Rep. Kustoff, David [R-TN-8]TN
Rep. Tenney, Claudia [R-NY-24]NY
Rep. Ferguson, A. Drew, IV [R-GA-3]GA
Rep. Feenstra, Randy [R-IA-4]IA
Rep. Buchanan, Vern [R-FL-16]FL
Rep. Lawler, Michael [R-NY-17]NY