Section 1 Short title
This Act may be cited as the “Small Business Growth Act”.
Small Business Growth Act
A BILL
To amend the Internal Revenue Code of 1986 to increase the limitations on expensing of depreciable business assets.
Sec. 2 Increase in limitations on expensing of depreciable business assets
by striking “$1,000,000” in paragraph (1) and inserting “$2,000,000”, and
by striking “$2,500,000” in paragraph (2) and inserting “$3,500,000”.
Inflation adjustment— Section 179(b)(6) of such Code is amended—
by striking “2018” and inserting “2026 (2018 in the case of the dollar amount in paragraph (5)(A))”, and
by striking “calendar year 2017” and inserting ““calendar year 2025” (“calendar year 2017” in the case of the dollar amount in paragraph (5)(A))”.
Effective date— The amendments made by this section shall apply to property placed in service in taxable years beginning after December 31, 2025.