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H.R. 3661

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to increase the limitations on expensing of depreciable business assets.
About This Bill
Committee
Latest Action · May 25, 2023
Referred to the House Committee on Ways and Means.
Congress
118th (2023–2025)
Introduced
May 25, 2023
Cosponsors (11)
0D 11R
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Summary

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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.

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