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S. 2609

BillFederalSenateIn Committee
To amend the Internal Revenue Code of 1986 to increase the dollar limitation for the election to expense certain depreciable business assets.
About This Bill
Committee
Latest Action · July 27, 2023
Read twice and referred to the Committee on Finance.
Congress
118th (2023–2025)
Introduced
July 27, 2023
Cosponsors (6)
0D 6R
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Summary

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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.

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