Bill118th CongressFiled Jul 27, 2023Taxation
S. 2609
Small Business Growth Act
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Jul 27, 2023)
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 just happenedJul 27, 2023
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Barrasso, John [R-WY](R-WY)Sponsor
6 cosponsors6 R
6cosponsors1committees2actions2related bills
- Introduced in SenateJul 27, 2023
- Jul 27, 2023IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Jul 27, 2023IntroReferral10000
Introduced in Senate