Bill118th CongressFiled May 25, 2023Taxation
H.R. 3661
Small Business Growth Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (May 25, 2023)
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.
What just happenedMay 25, 2023
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Moore, Blake D. [R-UT-1](R-UT)Sponsor
11 cosponsors11 R
11cosponsors1committees3actions2related bills
- Introduced in HouseMay 25, 2023
- May 25, 2023IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - May 25, 2023IntroReferralIntro-H
Introduced in House
- May 25, 2023IntroReferral1000
Introduced in House