House Bill 3661
118th Congress(2023-2024)
Small Business Growth Act
Introduced
Introduced in House on May 25, 2023
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3661
Congress
118
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
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.
May 25, 2023
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05/25/2023
Referred to the House Committee on Ways and Means.
05/25/2023
Introduced in House
Public Record
Record Updated
Jan 24, 2024 3:15:16 PM