3.0.036612024-07-24T15:21:53Z2024-07-24T15:21:53ZHouseHHR2023-05-25118[Congressional Record Volume 169, Number 89 (Thursday, May 25, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. MOORE of Utah:H.R. 3661.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1 of the Constitution of theUnited StatesThe single subject of this legislation is:Taxation[Page H2639]]]>hswm00Ways and Means CommitteeHouseStandingReferred to2023-05-25T13:03:05ZSmall Business Growth Act1182609S2023-07-27Read twice and referred to the Committee on Finance.Related billCRSTax Relief for American Families and Workers Act of 20241187024HR2024-08-01Motion by Senator Schumer to reconsider the vote by which cloture on the motion to proceed to the measure was not invoked (Record Vote No. 230) made in Senate.Related billCRS2023-05-25Referred to the House Committee on Ways and Means.IntroReferralH111002House floor actionshswm00Ways and Means Committee2023-05-25Introduced in HouseIntroReferralIntro-H9Library of Congress2023-05-25Introduced in HouseIntroReferral10009Library of CongressM001213Rep. Moore, Blake D. [R-UT-1]BlakeMooreRUTD.1NF000466Rep. Fitzpatrick, Brian K. [R-PA-1]BrianFitzpatrickRPAK.12023-05-25TrueS001135Rep. Steel, Michelle [R-CA-45]MichelleSteelRCA452023-05-25TrueS001172Rep. Smith, Adrian [R-NE-3]AdrianSmithRNE32023-05-25TrueF000470Rep. Fischbach, Michelle [R-MN-7]MichelleFischbachRMN72023-05-25TrueK000376Rep. Kelly, Mike [R-PA-16]MikeKellyRPA162023-05-25TrueK000392Rep. Kustoff, David [R-TN-8]DavidKustoffRTN82023-05-25TrueT000478Rep. Tenney, Claudia [R-NY-24]ClaudiaTenneyRNY242023-05-25TrueF000465Rep. Ferguson, A. Drew, IV [R-GA-3]A.FergusonRGADrew32023-05-25TrueF000446Rep. Feenstra, Randy [R-IA-4]RandyFeenstraRIA42023-05-25TrueB001260Rep. Buchanan, Vern [R-FL-16]VernBuchananRFL162023-05-25TrueL000599Rep. Lawler, Michael [R-NY-17]MichaelLawlerRNY172023-11-01FalseTaxationTaxation2023-06-21T14:45:59Z002023-05-25Introduced in House2023-06-21T18:44:34ZSmall 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.
]]>Small Business Growth ActDisplay Title45Small Business Growth Act2024-07-24T15:21:53ZShort Title(s) as Introduced101Small Business Growth Act2024-05-24T13:39:23ZIntroduced in HouseIHOfficial Title as Introduced6To amend the Internal Revenue Code of 1986 to increase the limitations on expensing of depreciable business assets.2024-03-18T20:54:30ZIntroduced in HouseIHIntroduced in House2023-05-25T04:00:00Zhttps://www.govinfo.gov/content/pkg/BILLS-118hr3661ih/xml/BILLS-118hr3661ih.xml2023-05-25Referred to the House Committee on Ways and Means.text/xmlENPursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.Congressional Research Service, Library of CongressThis file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.