S 2609 · 118th Congress · Taxation
Small Business Growth Act
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Read twice and referred to the Committee on Finance.(2023-07-27)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only