Pipeline · Bill → Law
Step 1
Introduced
May 25, 2023
Step 2
Referred
May 25, 2023
Ways & Means
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
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.
Timeline · 2 actions
May 25, 2023
Introduced in House
May 25, 2023
Referred to the House Committee on Ways and Means.