Senate Bill 2609
118th Congress(2023-2024)
Small Business Growth Act
Introduced
Introduced in Senate on Jul 27, 2023
Origin Chamber
Senate
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
2609
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 Senate votes have been held for this bill.
Summary
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.
July 27, 2023
Sort by most recent
07/27/2023
Read twice and referred to the Committee on Finance.
07/27/2023
Introduced in Senate
Public Record
Record Updated
Apr 17, 2024 11:52:30 PM