HR 3661 United States House · 118th Congress

Small Business Growth Act

Summary

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.

Bill status in committee 1 of 4 stages cleared

Introduction

May 2023

Committee Review

Floor Vote

President

Introduced May 25, 2023 Last action May 25, 2023

Floor votes

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No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

May 25, 2023

Committee

Referred to the House Committee on Ways and Means.

lower

May 25, 2023

Introduced

Introduced in House

lower

1 primary · 11 co-sponsors

Sponsors

Role

Legislator

Party

State

District